Recent content by Klogg

2020 will be the largest over-reaction the world's seen in some time. A shame really, even if the asset price inflation about to occur does suit me.

Trump has no morals or ethics. Biden has dementia. Both really bad options, but I prefer the former.

Not directly, but think about the nature of the business. They buy inventory, then sell/distribute it for a slightly higher price. Everything they bought was covered by assets, most of which was inventory. When they sell some of those, they can put that money toward existing lines of credit...

Good to hear, and glad my posts were helpful. It's worth noting that many companies in this space are reporting consumer activity increasing (CAR, BAP, MNY). There are also links from early super release to increased car sales, which is concerning as this is a one-off. Let's see government...

Principal debt repayments dont reduce profit by any accounting standard, regardless of how strict you want to be. Only interest owed has this effect. Are you talking about cash flow instead?

Also note they have an unused $5.5m Equipment finance facility. Given they're basically buying inventory, as they turn it over, they can repay the $5m overdraft and draw from the finance facility. Effectively, there should be a net $3m FCF requirement ($5.5m + $2.5m - $5m) to pay back debt...

How does debt repayment reduce NPAT?

I looked at this a few times before I was comfortable. I wouldn't blame you for concluding otherwise. And just on the point of management, check this out (from the FY19 report): You could probably count on one hand the directors that have ever gifted employees something that sizeable - out...

The debt isn't much of a concern, as it's backed by even more inventory that they purchased. Sure, inventory obsolescence is a risk, but one with minimal probability given they effectively bought out a business they understand thoroughly. This is really a crappy business with excellent...

I mean before the COVID-19 outbreaks. If your argument is we should have designed cities around Swine flu or Bird flu, then where was your argument for it. Or is this an emotional response to the pandemic in your state of fear?

This morning, VIC health authorities confirmed spread by the BLM protests to a COVD cluster of over 240 cases. Genomic evidence, not speculation. I'm simply posting news and generating discussion. You know, using forums as they're intended.

Please link me to your post where you argued we should design cities around pandemics after the Swine flu or bird flu outbreaks...

I still don't think they should. Designing a city primarily for a 1-in-100 year event is a little misguided. You could argue mental health impacts are too great with current designs. But that's a different argument

It's hard to argue that 40 year old housing spreading a pandemic is something the government should have considered. Who designs their cities with a pandemic at front of mind?

The stupidity was obvious at the time. Now we have evidence: https://www.theaustralian.com.au/news/coronavirus-black-lives-matter-protest-linked-to-tower-cluster/news-story/197ffe79f3e0044be2ee1495c5708364 Before arguing it, the source of this is VIC health authorities, not some right-wing...