Learning about shares: Past profits useful pointers to future
Saturday 6 March 2004
Olympic champ and new investor BARBARA KENDALL continues her quest, helped by the NZX and broker Dan Dividend.
By The Landlord
Barbara Kendall asks:Q. I've started collecting information on companies I'm considering investing in. I know companies' financial statements hold clues, but how do I decipher them? Can you point out a couple of pieces of information that I should really care about?
Dan Dividend responds:
A. Companies put a wealth of information in their financial results, and you can feel swamped by the surpluses, liabilities, payables, accruals, cash flows, in and outflows.
I'll concentrate on after-tax profit and debt-to-asset ratio.
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