Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-30

As expected for me.

Not sure how/why margins are being commented on. As this is a Q4C it's simply just cash in / out of the company for the quarter. On the lead up to a $7.1m contract which started this month, you would assume a lot more raw materials were purchased the month prior which falls into the 4C announced today.

Whereas on the Profit & Loss the COGS and Revenue hits the financials at the date of the sale or shipment of the goods. So this is where we need to look to get an actual view on the margins. It's impossible to tell from a 4C, especially from a fast growing company like HLF.

We will get the P&L end of next month.

Pros
Good to see the bar line ramping up
Solid growth across Aus & NZ

Cons
I'm still looking for news on the second follow up TheLand order


A bit of a "filler" quarter, we're all waiting to see how THM goes. Plus I'm waiting for the annual to come out so I can see if we are maintaining the 24% gross profit margin which is an important one for me.