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There's a copy on fnarena and I flipped through. The issue I...

  1. tomhagen
    283 Posts.
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    13/07/23
    19:17
    Post #: 68776795
    There's a copy on fnarena and I flipped through.

    The issue I have right off the bat with the DCF is they've used Operating Cashflow before PDP investments as "free cashflow". It's like if you took Operating Cashflow excluding purchase of inventory for JB Hifi and called it free cashflow.

    It's wrong.
    Last edited by tomhagen: 13/07/23
    PNC Price at posting: 36.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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