Mmm, attractive set of numbers indeed, congrats to holders.
Who knows, perhaps management did ramp up the expenses prior to year-end (prepay some marketing, lease expenses etc,) and moderated the 2H2016 NPAT. After all, the STI for executives would have well and truly been secured, based on NPAT, and such a strategy will give FY2017 a flying start to achieve the NPAT target for more STI's. (Being a little cynical).
I must say though, I can't see the need for performance rights. Surely the MD and CFO earned enough in bonuses (>700k) to buy more stock if they felt inclined.
Talk about a favourable business model, sales rise 30% but inventory climbs just 7%. No wonder they can keep cost of doing business under a tight reign when they don't need to keep finding more warehouses.
Happy to see NCK become 3rd largest position here, after ARB and CBA.
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Ann: Nick Scali Ltd FY16 Appendix 4E-NCK.AX, page-7
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$15.07 |
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Mkt cap ! $1.284B |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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1 | 1345 | $15.02 |
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1 | 68 | 14.630 |
1 | 825 | 14.550 |
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1 | 340 | 14.450 |
Price($) | Vol. | No. |
---|---|---|
15.280 | 1650 | 1 |
15.770 | 45 | 1 |
15.850 | 130 | 1 |
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