simple math

Have a close look at DJS stretgy presentation and I have made some basic calculation to try to caputure the profit impact and cadsh flow impact:

Profit impact:

Current NP: $100m
Less: 200 extra staff: -$10m
Less: Amex card profit -$25m
Add : Tax at 30% for eatra cost: $10.5m
Normalised NP: $75.5m

Capex:

Store: Opening $80m
IT Upgrade and Internet: $20m plus

Capex per annume(3 yrs) 33m

If the market continue to deteriating, the future dividends of DJ will be in a shaky ground.

Any thoughts??