A buck seems to be as long as it goes - like 2008 and 2012 and 2015
But this time it may be different
No surprise with this announcement is there percy?
Printable View
Sadly they have a great product- the AIO shower head is awesome https://www.methven.com/nz/collections/aio/
Seems they have a problem with sales and marketing .......
Haven't owned any of these for a couple of years, bit like back to the future aye. Shame because anyone who likes quality uses their products, put a MVN tap in a retirement village and it's the last one you will install, not like most other crap brands they install and have to change them out every few years because they can't handle the heavy usage.
Three SSH all sell down prior to downgrade announcement. So much for FMA insider trading action. Reminds me of Hogan's Heros and Sargeant Schultz "I know nothing, nothing". FMA should be renamed Kolonel Klink.
Yesterday's announcement doesn't tell the full story
They say they haven't recovered enough from a bad 1st half to meet guidance - on the face of it it appears they have made less in H2 than last year. That's going backwards - declining profits
And doesn't this 15% less profit in constant currency terms mean reported profits will be down even more?
Maybe too embarrassing to say whats really happening
I reckon FY eps will be about 8 cents - so at PE of 10 gives share price of 80 cents
But they'll jack the divie up to 7 cents which will support a share price of 100
But then again the future looks bright