Hello Iggy. Thank you for your job!! great article and great blog. I've discover you from the youtube channel Momentum Financial. I have a question related to your article: How do you calculate the 50M FCF? If I'm not mistaken, I get an FCF of around 20M for the year ending January 2023: (+) Operating FCF 100M (-) Investing Activities FCF 18.2M (-) Loan Interests 6.2M (-) Leasings 52.5M (-) Leasing Interests 4.5M = 19M .
The investment spending is recurring, as it involves upgrading stores and such. The interest expense will decrease as the debt decreases, but it is not very significant.
Great write-up. Sounds on the conf call that they will have a quit substantial Capex the next 3 years to launch in new markets? Thoughts? Seems they are talking quit much about FY 2027 and their strategy to arrive there. Seems profit could be lower due to that the coming years
It is a good write-up. A leading company in a slowly declining industry. It appears to me that the stock price will depreciate as the interest start to become lower. In the current interest situation, the market does not price too wrong on this company.
Great write-up Iggy, enjoyed reading it.
Hello Iggy. Thank you for your job!! great article and great blog. I've discover you from the youtube channel Momentum Financial. I have a question related to your article: How do you calculate the 50M FCF? If I'm not mistaken, I get an FCF of around 20M for the year ending January 2023: (+) Operating FCF 100M (-) Investing Activities FCF 18.2M (-) Loan Interests 6.2M (-) Leasings 52.5M (-) Leasing Interests 4.5M = 19M .
The investment spending is recurring, as it involves upgrading stores and such. The interest expense will decrease as the debt decreases, but it is not very significant.
Thank you!!
Great write-up. Sounds on the conf call that they will have a quit substantial Capex the next 3 years to launch in new markets? Thoughts? Seems they are talking quit much about FY 2027 and their strategy to arrive there. Seems profit could be lower due to that the coming years
Would be cool to see them compared with their competitor, Moonpig
v interesting. thanks. what makes you think this will trade at 15x EBIT when pre-covid (easier rate environment) it traded at 10?
Just curious, how do you invest in these low vol. stocks? Do you invest in OTC or LSE? Which broker is the best for trading international stocks?
It is a good write-up. A leading company in a slowly declining industry. It appears to me that the stock price will depreciate as the interest start to become lower. In the current interest situation, the market does not price too wrong on this company.