Post by
Trooper01 on Apr 18, 2023 2:19pm
77M$ FCF in FY2023
One can expect the same and even more in FY2024 cause the 2023 cash flow result includes 30M$ reimboursement of debt
Prediction: 100M$ FCF this year and 50c dividend announcement in one year imo
As always patience will reward investors, fortunes will be made here
Comment by
Torontojay on Apr 18, 2023 3:44pm
They already achieved over $100 m in fcf this year! If you exclude changes to non working capital they achieved just under $50 in fcf. Pretty Impressive!
Comment by
Trooper01 on Apr 18, 2023 3:49pm
Lsorry for my question but what is working capital.. is this investments in stores ??
Comment by
nozzpack on Apr 18, 2023 4:54pm
Working capital is current assets less current liabilities which was $143 million, largely cash, at exit January 2023,...$3 per share
Comment by
nozzpack on Apr 18, 2023 4:51pm
Good point. Debt extinguish and Deffered tax assets cancelled out each other's contribution / reduction to cash flows in F2022-23. We added net $80 million to cash in F2022-23 despite $20 million in incentive awards, and hopefully should be able to replicate that this year or even better if our performance matches that of last year .