Ann: FY24 Trading Update, page-25

The cavalry has arrived.

I knew the cash flow was there, despite the crowd bashing me on here saying I have no risk management, I’m stupid, nobody wants boring candles this stock is dead etc etc etc.

But I didn’t view this as a stock with a 3 letter DSK ticker code. I viewed it as a business owner, being a business owner myself despite the negative LFL sales I could see the cash flow would hold up despite the tough trading conditions. I just had to wait until the cash flow stated turning positive when trading improved. We have that with a positive cash balance of + $4.0 million dollars to $20 mil in the bank up from $16.0 mil last Half.

I did not sell. I bought more, and more and more and more. And I couldn’t be happier.

Listening to Lynch, Buffett and Marks interviews, annual meetings and books in the car while I drove to work paid off.