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Webjet (WEB.AU) and the representation of earnings.

Our post, Genworth (GMA.AU) and the statistical significance of earnings focussed on how believable are reported earnings. In Genworth's case, the multi-period nature of their insurance policies means we can have little confidence in the exactness of current period profits.   This is one side of the earnings quality equation. Another side of  Earnings Quality has been on display in recent [...]

August 8th, 2017|

Genworth (GMA.AU) and the statistical significance of earnings

The share market is driven by stories and during reporting season, the most popular stories are those about earnings.  Whilst there are plenty of possible narratives attached to each earnings release,  in this article the aspect I want to focus on is  - how believable are the reported earnings? In a mathematical sense, the believability of earnings would be [...]

August 2nd, 2017|

Welcome

Hi,  The Equity Toolkit began as a way of organising some of the stuff I know about equity analysis whilst helping improve my understanding of the stuff I don't.  At present the latter probably dominates the former, so the website remains a work in progress. There is plenty to add as we go along, but hopefully [...]

May 5th, 2017|

However, in the parlay scene outside the fort, the French

For the final challenge, Stephanie (lmao who?) and Elora were up against Alix and Elise in a game of "medieval football", otherwise known as soccer. Alix and Elise scored first and my God, Elora was not a happy camper. Alix and Elise smashed the game, both earning a seat at the death dinner, while Elora [...]

March 21st, 2016|

[34][35]According to Chuck Neubauer and Ted Rohrlich writing in

Elijah the prophet tells Ahab King of Israel that it will not rain for three years. The Lord sends Elijah to a place called the Kerith Ravine where Elijah drinks from the brook and is fed by ravens. The Lord tells Elijah to move on to Zarephath in Sidon where a woman will supply him [...]

November 5th, 2015|

I hated Sera before I did her romance

Exfoliation is one of the best things you can do to get rid of blemishes on the skin and transform your blemished skin into a healthy and glowing skin. If you suffer from skin blemishes such as acne scars, you can easily get rid of them or fade them by increasing the number of times [...]

March 23rd, 2015|

Some graves were much richer in goods than others

Sitting in the nosebleeds. We used to move down as close to the floor as we could and sometimes even got on the floor. That was something when your feet could feel the vibrations of the hardwood! I remember Ty Corbin throwing the ball in with his ass basically in my face I was gonna [...]

February 5th, 2015|