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03-03-2004, 01:19 PM
THE KING says in rebuilding my NZ port had to start some where so why not retailing so BGR & now PPG as all the big bad news is out and market dived in the last few days consolidation has happened and rebound is in the air [not that air] :D

PPG bottom at .90cents backing up to at least $1.00 read there last reports they said bit under but will make the Div, stated new head office move into one building in Christchurch soon and general push ahead, visited several stores including Baby Shop ,cloths store separated manchester chain in all up and going. [8D]

BGR and PPG feel like the TV show `Open all hours`.:)

Watching from Paraparaumu THE KING

willy_wonker
03-03-2004, 01:49 PM
I agree with you there KING KONG.

I am still waiting for the right time to enter. These ugly chicks may one day grow up to be real hot babes.


disc: not a holder yet

03-03-2004, 02:42 PM
THE KING says waiting with abated breath for you to join me WW just dump AIR before they just about to fall off the board and these babes will do wonders for you Willie. :D[8D]:D

Regards THE KING

KentBrockman
03-03-2004, 03:30 PM
quote:Originally posted by willy_wonker

I agree with you there KING KONG.

I am still waiting for the right time to enter. These ugly chicks may one day grow up to be real hot babes.



Sh_it! I was considering taking a position in PPG - but now that WW has declared his intentions, I will have to reconsider ;)

03-03-2004, 03:57 PM
THE KING says KentBrockman some mouth full dont wait for WW he does a lot of talking but very little buying and when he dose there the wrong ones anyway..:D:D[8D][8D]:D:D

Regards THE KING

Andrew
03-03-2004, 05:39 PM
Good Profit on sales for Postie Plus. Cheap imported clothes but charge a moderate price. I see a problem keeping up the demand when everyone realises that the clothes are cheap and nasty. I bought some shorts from there, look good on the brochure, but doubt if I would wear them out anywhere. Never again

Curly
03-03-2004, 10:48 PM
Looks Cheap at current price. Has potential to run up to $1.25 plus. First dividend due April.

4BOB
04-03-2004, 03:15 AM
...sure...u can hav my shorts...

Silly Duffer
04-03-2004, 04:07 AM
Your Highness The King...you have just gained a loyal subject!. A few months back I decided to take an overweight position in PPG (my equity portfolio is circa $1.5m) and ever since I have been horified by the slide to .90c. My average buy price is approx $1.07 so i am not as clever as you smarter investors but your posting certainly cheers me up. I am in my for the yield on an ongoing basis so the current price does not concern me ( other than a missed opportunity)rather I want just comfort of longterm survival. Paul Young the PPG CEO is the largest shareholder of PPG..other than an aggregation of the Dellaca family interests...and I am relying upon his personal/family wealth aggregation ambitions aligning with other shareholders. His CV includes periods with hard nut companies so I don't believe he cannot not foot it in the listed company enviroment. He does appear to be a quiet and openly Christian person with firm views on sharegrowth coming from demonstarted performance not well aimed hype and accordingly he is sp**** in public profile and or comments. Opposite to Ralph Waters of FBU for example. So your Highness I will back my earlier view and it is great that I am joined by such a distinguished co-shareholder as yourself!

willy_wonker
04-03-2004, 08:34 AM
quote:Originally posted by Andrew

Good Profit on sales for Postie Plus. Cheap imported clothes but charge a moderate price. I see a problem keeping up the demand when everyone realises that the clothes are cheap and nasty. I bought some shorts from there, look good on the brochure, but doubt if I would wear them out anywhere. Never again


I too bought a bed sheet from Arbuckles. It was their top of the range product. The sheet colour ran... the worst quality sheet, I have ever bought.. mistress was not happy. Will never shop at Arbuckles again, but then they are not trageting Uncle Scrooges like us. Sorry, I never buy clothes from them or WHS or HLG.

willy_wonker
04-03-2004, 08:36 AM
quote:Originally posted by KentBrockman


quote:Originally posted by willy_wonker

I agree with you there KING KONG.

I am still waiting for the right time to enter. These ugly chicks may one day grow up to be real hot babes.



Sh_it! I was considering taking a position in PPG - but now that WW has declared his intentions, I will have to reconsider ;)


HAHAHA....
Wait till I start selling mate. Then you will see a roller coaster ride from hell. :D

05-03-2004, 09:13 AM
THE KING says Gidday Andrew not heard from you for some time hope all is well noted that you still take you dog TTP for a walk at times still feel time is money, Well you remark about your shorts was a bit of a He,, sounds that you may have bought from a catalog or there web site whatever, bet you bought three quarter shorts to the matue people they feel strang at first but my partner loves them is that the story..:D

The only thing i have bought at PPG are black dress sox when i met PM Hon Helen Clark last Feb 10th at the parliment at the time i was fully dressed.. He[:0]

Nice rebound in stock $1.00 not hard to find so all punters do your best. [8D]

Watching from Paraparaumu THE KING

The Doctor
05-03-2004, 09:30 AM
Sorry optimists....."the cheques in the mail!"

05-03-2004, 09:54 AM
THE KING says Hay Doc hate to visit your surgergy for advice. :D:):D

The Doctor
05-03-2004, 10:53 AM
With your portfolio 'recommendations' a heart surgeon is what you need,on retainer even to be prudent.I specialise in mental health,I don't see your symptoms severe enough as yet to require my consultation.

willy_wonker
05-03-2004, 11:00 AM
On a serious note, what is the expected profit and div for PPG?

I am seriously looking into this pup. I only like Baby City. If they separate Baby City and IPO it, I will be there to buy.

Lord of the KING?

05-03-2004, 11:01 AM
THE KING says Thanks Doc i already have a pacemaker planted Dec 2003
but as you pointed out the Mental side was noticed and noted.[|)]

Regards THE KING

08-03-2004, 07:35 AM
THE KING saYS Andrew about the shorts mate I went to our local manager of PPG and enquired about the "short factor' a was informed a customer if NOT happy have 21 Days to take back the artical for full money refund cant beat that.

What i did not like was her attitude about the share price it appeared she did not know and did not care her very words to me and was a bit of a shock as in the past most staff ask how do you buy shares in PPG or any other company only showed the lack of education in the NZ public,But dont worry the local Warehouse Man was also the same boat.

So money back or buy a Share all can be handled with ease. [8D]

Regards THE KING

Burgerbun
09-03-2004, 05:37 AM
King, dont like your latest recommendations much. :D

You said you read the last report and they said earnings a bit under but WILL make the div???

...actually they said "expect to make dividend payments CLOSE to the prospectus level"

other "warning" signs were

...generally in line
...affected by the performance
...while higher costs will have some effect
...assuming second half sales are in line with forecast
...tracking in line with expectations
...higher level of capex, dep, interest, and restructuring costs in the current year than indicated in the prospectus....

combine that with a horrible looking chart...and my conclusion is that
you do need to visit the Doc again real soon.

Profitability around $250k a month.
Assume a FY of $3m
Current market cap of $39m @ 97c
Forward PE 13.
Where do you see it from here?

Waste of time as far as I can see.
And 80c would be a fairer valuation for this year until the "restructuring" benefit they expect materializes.


Good luck, bad buy


[:p]

BTW...BGR at a critcal point right now, and I wouldnt be buying that either until it comes off 142 significantly and breaks that 14 month downtrend...and thats NOT in hindsight. I commented strongly that BGR was way overvalued in the $2.50/$2.60 range.
But will admit I bought PRG between $2.20-$2.76 though:(

Burgerbun
09-03-2004, 05:39 AM
and my rec...buy MHI over both of these two.

10-03-2004, 08:20 AM
THE KING says Hi Clouds what you said about the Co`s concerned more or less is right, But as the Fizz has gone out of the NZ market at the moment name a stock which is a stand out player to BUY well not to many with Warehouse leading the pack down at a store near you.:D

Back to fro I had to start a new Portfolio after buying the town house well had to start by picking with the worse hit Co`s ,, Retail
lost investors confidence so a buy position, Thus BGR & PPG always miss high cost high fall stock such as Warehouse and others.[8D]

PPG is new and not to much real news yet but it should pay div`s and below issue price so it pains the sellers, BGR better class of Co with 2 good backers I am with Gerry Harvy he is not a billion $ man for nothing
He loves BGR main shareholder sell he buys simple so just bide your time bank the Div`s:)

Your suggestion MHI [where did you get it] Merchant House Inter Limited i like it pays div`s but lives in China and the back blocks of West Aus so i cant mix with the management which is most needed.
not for me.[8]

Regards THE KING

Spatula
10-03-2004, 02:13 PM
Hmm nice retail figures out for Jan, thinking you might be on the right track here

Andrew
10-03-2004, 05:48 PM
Warning! Only a short term investment. Next Year say 12 - 15 months PPG will be posting profit warnings. Stake my posting on it. If I am wrong I will cease posting on this site.

You may have to remind me to quit as I dont follow the stock.

troyvdh
10-03-2004, 06:24 PM
Dear Silly duffer.. I am curious given that you have stated that you have 1.5 M in the MKT.I have 200K mostly in MET PFI CEN.Otherwise Im in res.prop. and have been for 30 yrs.Just curious where is most of yours in the "MKT" . Thanks in advance.

Silly Duffer
10-03-2004, 08:07 PM
Troyvdh...I have approx 30 equities split 75% NZ and 25% Aus.In NZ they include...AIA,FBU,FPA,FPH,FRE,HBY,NGC,NZX,POA,PPG, SKC,TEL,TUA,WHS,and TWR ,In Aus..ANZ,FOA,MCG,MIG,ORG,RIO and WES. I hold circa $2million spread over Capital Bonds,Finance Co debentures ,a number of the Platinum and OMIP products , Bank deposits and Foreign Currency accounts when I dabble when the US,UK and Aus rates swing in NZ favour.The latter is an hold until the day the Kiwi eventually returns to historical levels. I have avoided property as have no wish to do the managing.I am able to extract a yield of approx $300k before tax +or- capital movements if I liquidate any stock . In PPG's case it is a paper minus!.Good luck for your investments.

11-03-2004, 08:39 AM
THE KING says Thanks for the story Silly Duffer and while your there would you like to contribe to THE KING Survival Fund, Thanks :D

Andrew hope we both around to find out the results.[8D]

Regards THE KING

willy_wonker
11-03-2004, 08:44 AM
Silly Duffer, thats alot of split. Why dont you just buy the NZSE index? Much simpler and cost effective.

JAMP
11-03-2004, 08:47 AM
quote:Warning! Only a short term investment. Next Year say 12 - 15 months PPG will be posting profit warnings. Stake my posting on it. If I am wrong I will cease posting on this site.

Andrew, it is fair to say that you are strong in your conviction with respect the future prospects of PPG. I don't think anyone here expects you to stake your sharetrader posting rights on it though.

There is after all, a lot of water to flow under the bridge between now and then. As well as protection from their more diversified revenue stream, there is also plenty of opportunity for them to lock in a favourable currency hedge also (assuming they haven't already).

Regards JAMP
NZX: MCH RBD SKX SPN VTX WRI
UCM: KCE

Silly Duffer
11-03-2004, 09:15 AM
Dear THE KING...please do not dissillusion this subject of yours by raising the charitable matter of donations ( to you) or the spectre of Taxes.I am sure you do not need any help from anyone...let alone a subject.. for you to carve out your financial success. And WILLY WONKER you may be right. I started off with just a few shares and the number is ballooning including pending Kingfish and Pacific Brands stock.Mind you my brokers have reconmended many of these stock on an individual basis as well as a spread of risk.I have never being good at picking horses nor LOTTO numbers and you are probably right that there is comfort for some investors by averaging across several companies.I guess investing in the index does not carry the same interest but I concede that the paperwar to manage them is something i had not anticipated. If you get a moment would you mind casting your eye over the list and letting me know which companies you would likely keep and which you would look to trade when conditions are right.I will determine my Hold or selldown strategy on PPG once they announce their result. You folks may very well be on the button and if so thanks for alerting me.

willy_wonker
11-03-2004, 09:22 AM
SD, your portfolio is very good. All bluechip quality stocks. Welldone ! I too are have some Pacific Brands IPO. It should be a good float. Sell rid of the NZX. Dont need that as you already have a nice spread.

Anyway, I do think you should put a small amount in a couple of risky small caps stocks, if nothing just to get your adreline rushing when the price move up or down.

KentBrockman
11-03-2004, 09:29 AM
quote:Originally posted by willy_wonker


Anyway, I do think you should put a small amount in a couple of risky small caps stocks, if nothing just to get your adreline rushing when the price move up or down.


Yeah, what Willy REALLY is trying to say is that you should buy some BLT [8D]

BTW, when are PPG's results due?

troyvdh
11-03-2004, 09:43 AM
Silly Duffer. I should add that I also have LPC NOG GPG SMM TWR TRH CAH TLS BHP GRD.....like you I like a wee spread. Re res. prop. over the past 30 yrs have made approx 15-40 % compound -now well over $1m.
Hourly rate on them would be in the $100's per hour....

Silly Duffer
11-03-2004, 12:31 PM
Dear Troyvdh...good luck with property as an asset class and you are doing very well I see. I owned flats some 30 years ago but got sick of tidying up after leaving tenants and being rung re repairs which timewise conflicted with my job.I hope your shares give you good returns...my track record is good and bad!.The last few years have been nirvana for property owners but over time every asset class has it's day!

4BOB
11-03-2004, 01:08 PM
4BOB SAYS (S)HE SMELLS RATS ON THIS FISHY...

12-03-2004, 08:54 AM
THE KING says Mr 4BOB i dont think your are 2bob and Mr Silly D whats your point about PPG other than the fact you have so called MILLIONS.
:D[8D]:D

Regards THE KING

Ted2
12-03-2004, 09:24 AM
4 BOB - nice to hear from you.
welcome back

Silly Duffer
14-03-2004, 07:31 AM
King.... I did not appreciate your petty posting of 12/03. I had simply answered questions asked by others. When I signed up for this forum I had intentions excluding sarcastic/petty exchanges with strangers... so I'll sign out now.But if that what cheers you up...go for it.Personally I cannot be bothered.

Andrew
14-03-2004, 05:39 PM
Alls fair in love, war and sharechat sites. SD hang around long enough and you will come through it. I see you have only nine posts. Shame to quit after such a short subscription.

I thought King was quite reserved, read back through some of the other posts by various people, you will see further stages of severity

troyvdh
14-03-2004, 06:04 PM
Thanks Andrew....I could not have said it better myself...lets not "play the man" only the ball.

Burgerbun
14-03-2004, 10:01 PM
I prefer to *GRAB EM BY THE BALLS*[:0][8][8]


much more fun and often brings out better debate and humour (read NOG:D) imo...instead of these new age sensitive types trying to argue with a wet bus ticket.



Playing the man to see if hes got any balls[:p]


Sorry Mr Duffer, but Im one of the noisy ones on the site and what you got was pretty weak.

All types make the site!!!

15-03-2004, 11:31 AM
THE KING says as the first writer on this board many moons ago and still here I have seen them come and seen them GO but never anything like Mr thin skined S Duf who blew in and so called answering Questions about his millions which i now realy doubt as over a long period of time would have had to talk and make big plays, now cant work out to stay or GO worse he ask WWonk to look at his portfolio and give advice, WW head grew many hat sizes bigger but did not give much advice to what could been seen, so hope you SD have a happy day increasing you MILLION on your own, Regards THE KING:D:D

Thanks should go to Andrew my friend in battles for his coments and Clouds to finish of the action. Regards THE KING :D:D

Now back to Bis off on the Weekend to New Plymouth to visit frinds and Visit PPG ang BGR to see how`s going, :-

BGR. was an eye opener people standing 6 deep to the tills at 1.30 pm Sat afternoon with arm fulls of goodies just shook the head, note price rise today and THE KING is now in front.:D:D

PPG. a very large shop some people atending and a nice lady was putting money in the till but as expected it was Sat afternoon most people buy ther pants during the week, note the rise today puts THE KING in front. :D:D

New Plymouth a very GO ahead place with buildings being pulled down in the CBD and new shops to open one will be REBEL part of BGR plus bought new style of comp streo speakers Great weekend.[8D][8D]

Regards to all the people who wrote & read these comments while
THE KING was away. [8D]

willy_wonker
15-03-2004, 12:01 PM
GO the BGR... hahaha :D

The KING strikes again. Thank God, I too bought some BGR at $1.46.

For what is worth BGR has a valuation of $2.20 - $2.55 by analyst.

Burgerbun
15-03-2004, 01:33 PM
WOW WW

Id hate to see your pants if it goes up 3c!!!


[:0]



[:p]


love C9[:X]

willy_wonker
15-03-2004, 06:33 PM
HAHAHA :D

Wait till you see me without my pants when it goes up 20 cents. :D

KING, where are to boy, when we need your wisdom?

Burgerbun
16-03-2004, 01:51 AM
:Dspare me the thought:D

Your first names abit close to the bone;)[:0]


good luck, but Id recommended MHI over these two.

19-03-2004, 10:29 AM
THE KING says a nice one for BGR today and the 4.25 cent div. but the note was the increase in TAX up cool million to over $12 companys paying a lot of tax are not going broke.

All that is needed now is the good one from postie plus PPG.

:D:D:D THE KING

willy_wonker
19-03-2004, 11:46 AM
BGR will probably hit $2.00 by June. :D

You heard it here first.

willy_wonker
19-03-2004, 12:02 PM
quote:Originally posted by THE KING

THE KING says a nice one for BGR today and the 4.25 cent div. but the note was the increase in TAX up cool million to over $12 companys paying a lot of tax are not going broke.

All that is needed now is the good one from postie plus PPG.

:D:D:D THE KING


I have an idea. Maybe BGR can takeover GEN to utilise their tax lost. Fire all the staff and management of GEN, keep it as a shell company and spend the cash on overseas trips:D

huds
19-03-2004, 12:13 PM
Some interesting comments from Duke...

Duke said the company will embark on a new strategy in the current year, which will involve less discounting and an attempt to make the Briscoe brand name stand out.
"Sustainable earnings can only come from our ability to differentiate our brands, to expand our brands," he said.
Duke said the group plans to add another brand to its stable - either through a start-up or an acquisition.

willy_wonker
19-03-2004, 12:42 PM
Huds, do you have a link to that statement? That is really interesting indeed, may buy some more shares if that is his strategy.

huds
19-03-2004, 01:04 PM
Try this
http://au.dailynews.yahoo.com/finance/20040319/dowjonesfinance/1079649720-3960184886.html

Burgerbun
20-03-2004, 03:35 AM
THE KING says a nice one for BGR today


??? actually, what was so nice[?]

Earnings up $56,000 on Revenue up around $20m
and dont fudge me with your TAX smokescreen:D

Flat result.

however PE of 14 not unreasonable.

WW, I mean Wishy Washy[:p] thinks $2 by June. Therefore WW thinks BGR deserves a PE of 18.2 from the market...but since WW is buying everything on the NZX, who knows[?] If you concentrated all your *potential* buys Wishy, maybe you could drive it up to $2 by yourself!! and BTW, was hoping to see your pants today after the 3c FALL.[:p]:D;)


So where does it go from here...the KING is expecting a rerating from PE of 14? on a flat result.

huds
20-03-2004, 08:19 AM
Can't argue with the flat result but it will be interesting to see what comes of this "adding a new brand" talk. Something in the lines of IKEA would make a killing over here, freedom, farmers etc way too expensive.
Hope he's not full of hot air

willy_wonker
20-03-2004, 01:11 PM
Cloudnine. I understand your logic on BGR and I appreciate your input, but the market is not entirely based on fundamentals. If so, all the research analyst would be billionaires and have 100% success rate.

Watch this space and I will come back to you soon. Watch the share prices of BGR start to move by early next month. :D

clearasmud
20-03-2004, 01:19 PM
PPG half year report due next week? If 3.5c interim divi is struck i'd expect a sp re-rating to $1.1. Fingers crossed.

Burgerbun
20-03-2004, 01:23 PM
Yip Huds, the new brand may give the market a bit of interest, maybe to take some focus off the bottom line, however what will come of it?....capital expenditure while its being established and higher risk.

WW...yes thats of course true that the market wobbles either side of *fundamental values*...however stocks that are rerated upwards have certain *potential* and this possibility leads to inflated values often because of hype or speculation, however when it comes to delivery time, thats when we get back to the Basics again....eg WHS.

What is out there that will drive BGR to a PE valuation of 18.2??
from the current one of 14.
Youre expecting a 32% increase....based on what, thats all? just interested in why you think $2

nb.REBEL SPORTS SSS -2.9%

willy_wonker
20-03-2004, 01:35 PM
If BGR or retail stocks gets a re-rating upwards and a few "SHEEP" instuts starts buying, there ain;t much stock around for the boys. BGR is tightly held by the Dukes of Hazzard and friends.

Burgerbun
20-03-2004, 01:43 PM
geeeezzz Willy Washer

I want to know WHY it will get rerated, not IF.

Comeon man, this is a good challenge for you to question your buying motives.

Im trying to help you, and thats rare for me:D

20-03-2004, 08:03 PM
THE KING says listen you two wait till i make a statement Monday,
bugger.:D:D:D

willy_wonker
21-03-2004, 01:44 PM
C9, if I give you all the answers, then it wouldnt be fun, would it? Analysis are for nerds, real men just lose one eye and buy, buy. buy... isnt that right, KING? :D

4BOB
21-03-2004, 04:52 PM
...if u r really in market as u claimed 2 b, u r one of my shorts buyers from the fishy stocks u follow...stay in there...[:o)]

4BOB
21-03-2004, 06:01 PM
...or if u r only a jumpty pumpty dumpty...oh well...[:o)]

KentBrockman
21-03-2004, 07:46 PM
I saw PPG advertise in Saturday's paper for a new CFO. Anyone know if there is a significant background to this?

31-03-2004, 09:11 AM
THE KING says Thanks postie plus+ PPG.:D:D

4BOB
31-03-2004, 02:29 PM
...returned me shorts to me brokers today...handy 20% profits in less than 5 months...more $$$$ in me bank...:D

23-04-2004, 01:29 PM
THE KING says PPG. Postie Plus today the money [div] is in the Iron Tank [bank] with more to come ah, brothers, noticed a very big Easter weekend at Coastlands Paraparaummu with the store had above number customers looked great.

This has been one of those good luck story`s very few around these days. :D:D:D

TheBossMan
23-04-2004, 06:54 PM
What did the interim report say?

clearasmud
23-04-2004, 07:23 PM
This one is at risk from bad news re underperforming Rendels chain.
On the other hand is cheap right now and should be an interesting LT story.Still wondering if now is the time to buy more or wait.

TheBossMan
23-04-2004, 07:49 PM
It shd settle down at 95 cents, pending any good news. Winter sales (Arbuckles) update will provide some momentum and when it is time for the promised 7cents divvy, it might go north of 1.10 or so.

It is definitely a long-term stock, if anything. They listed only last year and are still in growth mode.

I intend writing to the director(s) to explore internet sales for babycity division. Any thoughts?

Disc: hold around 15k at average of .98. Expecting divvy.

KentBrockman
23-04-2004, 07:51 PM
quote:Originally posted by clearasmud

This one is at risk from bad news re underperforming Rendels chain.


I was wondering about the 'underperforming' Rendells. Whenever I walk past the outlet in the downtown shopping centre the place seems to be humming. Do others have different impressions from elsewhere in the country?

clearasmud
23-04-2004, 08:15 PM
I heard a story that if things don't improve soon some or all rendels will be closed or restructured.
However I noticed a brand new Rendels is currently opening in downtown Tauranga.

24-04-2004, 09:01 AM
THE KING says Rumor`s are good for share prices as NO one realy knows but causes speculation.:D:D:D

Did you hear........................

Regards THE KING

Burgerbun
24-04-2004, 01:29 PM
Hey the KING...I says to you, youll need more than a good rumour to catch up with MHI.[:p]

Yould have better luck appointing your court jester WW as advisor to the court.:D:D:D

[:X]

willy_wonker
24-04-2004, 01:48 PM
Hey C9, now thats abit rich when you have been backdoor entering Nightmare and leaving her. Is that why she is so angry with you?

Burgerbun
24-04-2004, 01:56 PM
:)WW.....are you wondering where Nightymare has gone??

Thinking up some new pathetic name to come back with...

dont worry, the name may change but the tune is easily recognizable.

Burgerbun
09-05-2004, 09:16 PM
quote:Originally posted by willy_wonker

HAHAHA :D

Wait till you see me without my pants when it goes up 20 cents. :D

KING, where are to boy, when we need your wisdom?




:D:D:D:D:D:D:D:D
Must be getting pretty mushy down there dude[}:)]

Burgerbun
09-05-2004, 09:17 PM
quote:Originally posted by cloudnine

Yip Huds, the new brand may give the market a bit of interest, maybe to take some focus off the bottom line, however what will come of it?....capital expenditure while its being established and higher risk.

WW...yes thats of course true that the market wobbles either side of *fundamental values*...however stocks that are rerated upwards have certain *potential* and this possibility leads to inflated values often because of hype or speculation, however when it comes to delivery time, thats when we get back to the Basics again....eg WHS.

What is out there that will drive BGR to a PE valuation of 18.2??
from the current one of 14.
Youre expecting a 32% increase....based on what, thats all? just interested in why you think $2

nb.REBEL SPORTS SSS -2.9%




read and weep at the above warning Mr WW.
you know, I really tried to help you here;)

10-05-2004, 05:25 PM
THE KING says inside information PPG is going like a train at Paraparaumu the place to live town.[8D]:D[8D]

09-06-2004, 10:35 AM
THE KING says PPG has been quite now for some time now as the managment has moved over to their new head quarters all under the one roof in Christchurch with there first notice posted yesterday about management thing should soon to be reported, NO news is GOOD news.:D

Watching from Australia THE KING

24-09-2004, 12:34 PM
THE KING says the results out not a word from the holders Div on track but acts like the Good stock BGR NO action, THE KING sold the stock for a good return and is now on the side line waiting for the sign.. [^]

So tell me what going ON.. [^][?]

Watchinging from Australia, Wellington 6 Oct THE KING

27-10-2004, 01:23 PM
THE KING says what has happened to the Postie Plus = team members..[^]

Awryly
27-10-2004, 01:59 PM
quote:Originally posted by Awryly

Where's the Wonker? No, not you Rex, Kingy, Milord, what-have-you.

Burgerbun
27-10-2004, 02:14 PM
quote:Originally posted by cloudnine

and my rec...buy MHI over both of these two.


from March 04

MHI up 50%!!!



Me tinks da Wonker swallowed too much AIR:D:D:D:D

as for da KING, will he needs a refill from WW;)

Burgerbun
16-11-2004, 03:43 PM
quote:Originally posted by THE KING

THE KING says in rebuilding my NZ port had to start some where so why not retailing so BGR & now PPG as all the big bad news is out and market dived in the last few days consolidation has happened and rebound is in the air [not that air] :D

PPG bottom at .90cents backing up to at least $1.00 read there last reports they said bit under but will make the Div, stated new head office move into one building in Christchurch soon and general push ahead, visited several stores including Baby Shop ,cloths store separated manchester chain in all up and going. [8D]

BGR and PPG feel like the TV show `Open all hours`.:)

Watching from Paraparaumu THE KING



KING bails on PPG.......

only holds SCY and BGR.

;)

Dontpet
16-12-2004, 05:53 PM
I don't get it. Why is this stock floundering when it has such good dividends and a p/e of 9.3? Good shops (better than BGR in any case) and solid sales record? SP Can't get much lower from what I can see without a total stuff up.

disc: bought some ppg at 0.92

huds
16-12-2004, 06:12 PM
quote:Originally posted by Dontpet

I don't get it. Why is this stock floundering when it has such good dividends and a p/e of 9.3? Good shops (better than BGR in any case) and solid sales record? SP Can't get much lower from what I can see without a total stuff up.

disc: bought some ppg at 0.92


Better shops than briscoes? How do you work that one out? Most people wouldn't know what Postie plus do let alone where to find one.

troyvdh
16-12-2004, 06:27 PM
Come on guys,this company went public , the management et al got heaps of dosh just in time to catch the end of an spending orgy ...me thinks that the future aint looking good once folk realise that their prime asset (home) aint rocketing up anymore.You have to admit that spending money has become more of a form of entertainment (rather than neceassity) in recent times ?.

Andrew
16-12-2004, 07:49 PM
On 10 March I said I had reservations about this company, and expected some profit falling off announcement. In fact I hastily said if I wasnt right I would end posting on this site.

It would seem I may be right to some extent:

Postie Plus Group Limited Announcement (issued @ 8:43am)
PPG05/11/2004QUARTER REL: 0843 HRS Postie Plus Group Limited QUARTER: PPG: Sales first Quarter (ended 31 October 2004) FIRST QUARTER SALES HIGHER THAN LAST YEAR - SALES: First Quarter 2004 2003 23.56M $20.46M As a result of an increased number of branches, Postie Plus Group sales forthe first quarter of 2004 are higher than for the same period last year.However, sales are below expectations for the Quarter according to ManagingDirector Paul Young, due to a number of factors including the slow start tosummer and climate inclemency. Same store sales are down 1% for the sameperiod last year. "Overall, the retail market, for a number of sectors, is becomingincreasingly difficult, with many retailers spending more on advertising toachieve the same - and in some cases, lower - sales levels." At this stage, Mr Young says while acknowledging achievement of the previousyears profit will be a challenge, it is difficult to project the likelyprofit for 2004, citing a number of reasons. "



While the downgrade was not exactly as bad as I thought. I feel I can say I was not totally wrong and probably not totally right.

While I am not saying I told you so, it is enought to warrant me not to leave the site maybe.

Harrys
16-12-2004, 07:57 PM
When Postie+ did their IPO they were looking good. Trouble is they, like others before them did not reckon on the problems they would have by taking over not one but 3 chains of new stores. They underestimated the problems of integrating the data processing side of the business, then their CFO resigned. It seems its OK to take over a single shop or factory but not so easy to do it with a chain.

I got 2000 PPG at the IPO for a dollar, sold half for 1.24 and the other half at .94. Meanwhile I received 2 divs so I came out ahead. I think they will come right but meanwhile there are other promising prospects out there that are occupyiing my limited resources.

17-12-2004, 09:31 AM
THE KING says at Paraparaumu long side Pack & Save and opposite BGR Postie+ is in process of shops built for all three stores grouped togeather,, but will have to vacate the main shopping MALL its like putting a dress shop in a cow paddock,, these shops are dim a dozen around the MALL just hope it WORKS.. [^]

THE KING left at $1.05 Thanks.. [^][^]

Futurz
21-12-2004, 04:40 PM
Another retail stocking looking shaky, closed at $0.90 down 4 cents.
WHS will be next...

PPG
21/12/2004
FORECAST
REL: 1635 HRS Postie Plus Group Limited

FORECAST: PPG: Postie Plus Group Ltd -Poor weather affecting sales

Continued wet and colder weather has significantly impacting summer seasonsales. The current high level of discounting in the market and some pricedeflation is also having an impact but to a lesser extent. As the majorityof the Groups branches are outside Malls the weather has possibly impactedthe Group more than some other clothing retailers.As a result, the profitability for the Group for the 2004/2005-year will bebelow the previous year.

winner69
04-01-2005, 06:36 PM
Under the headline in the Dom Post today
RETAILER WRITES OFF SUMMER SEASON

things look even worse than the announcement to the NZX pre Xmas

Quote: Paul Young had been for an improvement (in the weather) in time for the Boxing Day sales to turn the season around

But the poor weather, combined with heavy discounting, meant that PPG had effectivly written the season off.

And Young reckons that most retailers are overstocked and that sales will continue right through January

And all the time the rents and the salaries need to get paid

Pretty depressing

So how much lower than last years profit will be made this year?

Well done KING getting out at 105

troyvdh
04-01-2005, 06:56 PM
gee, what a huge surprise............

LoD
04-01-2005, 08:23 PM
Let's hail to the weather... that made all the retailers work even harder to decorate their incoming hy/fy report

08-01-2005, 01:56 PM
THE KING says other than the SLUG group that follow THE KING around would like to hear NEW writers about PPG when does a DOG turn into a GOOD DOG... [^][^][^]

croesus
08-01-2005, 02:16 PM
Will be looking to buy a few if the S/P keeps dropping, the 64cent question is, will these poor sales amount to a 25% drop in dividend (my guess) for the coming year, if so about 75 to 80c would be fair value as part of a diverse yield portfolio.
disc none held.

foodee
08-01-2005, 02:35 PM
O King
You seem to be a fan of retail cos, K&S, BGR and PPG.
When PPG was floated I said something like...if retailing is cut-throat than retailing rag is diabolical. Don't think anything has changed. It sure is hard yakka compared to other sectors.

08-01-2005, 03:29 PM
THE KING says foodie in the place called New Zealand where every choice is small for investing retail is NO differant you can only work with what yer got,, telling us its hard yakka as a whole we all ready know that,, we want to know about PPG.. [^][^]

Sharebroker
08-01-2005, 05:28 PM
Retailing hard yakka? Not to HLG and MHI who has gone their act together.

It's only BGR & PPG (kingi's choices) who have found retailing tough.[^]

Heard about the stock that underperformed the NZX by 110% since Jan 2003?

Winston001
08-01-2005, 07:34 PM
I thought the strength of PPG was that its shops are in smaller suburban sites, away from high rent areas. They are an established middle of the road brand with modest prices. Their customers are unlikely to be well-off but if times get harder for families, they'll shop at PPG instead of eg.PPL.

Dowsons Shoes in the South Island follow the small suburb/ small towns model very successfully.

I suppose the problem at present is that times are not hard and shoppers can afford more expensive brands. I'm thinking of selling PPL for the short-term but I can't tell whether it has further down to go.

foodee
09-01-2005, 08:12 PM
O King
My perception of PPG is probably not worth knowing but briefly it sells run of the mill (generic) clothing with competition from WHS & Farmers. It hasn't got a niche like HGL - younger age group (dermagraphic), like Kathmandu - activity clothing. Its former life as a mailorder biz has reached the end of the road and is overtaken by the likes of Ezibuy which is doing quite well I believe. That is enough from me and it is still hard yakka .......

cheers

ps: see Phadreus thread on Anatomy of a trade.

09-01-2005, 08:51 PM
THE KING says again foodie you repeat yourself again about nothing,, But in AU hard yakka is a big brand of clothing and sells very WELL..[^][^][^]

17-01-2005, 11:12 AM
THE KING says Thank you PPG for your update notice and the BAD news in advance,, it now is a horror for the shareholder`s to know that the brick wall surrounds them and NO gate for escape.. :(

The s/price is in free float ther are few life lines like mergers or t/overs as NZ is so small but they could stop buying all this cheap stuff from CHINA.. [^][^]

Sharebroker
17-01-2005, 11:45 AM
Follow kingi and you are singing 'you ain't nothing but a hound dog.':D

17-01-2005, 05:17 PM
THE KING says as the share sinks there is SLUG 9 singing songs now thats a TURN.. [^][^][^]

winner69
17-01-2005, 07:03 PM
quote:Originally posted by THE KING

THE KING says Thank you PPG for your update notice and the BAD news in advance,, it now is a horror for the shareholder`s to know that the brick wall surrounds them and NO gate for escape.. :(

The s/price is in free float ther are few life lines like mergers or t/overs as NZ is so small but they could stop buying all this cheap stuff from CHINA.. [^][^]



Not all bad news KING - they expect to INCREASE profitability for the second half of the year

Yeah - lose $0.7 million in first half (DOWN $3.8M on last years figure) but will make $3.0M in second half (UP $0.2M on last year)

Maybe some punters saw through as sold out - down to 73 cents is pretty drastic but some willing buyers at the low 70 cents who didn't go up and meet that seller at 80 cents

Even at 73 cents PE (ON THE CURRENT ASPIRATIONS) is 12-13

KING from your comments current shareholders do not really have anywhere to go but to the poor house ... is that how you see it?

Bling_Bling
18-01-2005, 08:32 AM
Is this a Post Office? Why is it called Postie Plus?

zac
18-01-2005, 08:36 AM
Spokesman for PPG says they have been hurt by the strong dollar. How? I would have thought they are buying from China with a strong dollar to advantage and even if their only customers were farmers the cockies have been doing alright in spite of the dollar.

Bling_Bling
18-01-2005, 08:38 AM
zac, they always use the strong currency as the blame for the problems. If you look at all the companies that report a lost use forex as the blame. eg: SAN, BGR ...etc

winner69
18-01-2005, 09:35 AM
quote:Originally posted by zac

Spokesman for PPG says they have been hurt by the strong dollar. How? I would have thought they are buying from China with a strong dollar to advantage and even if their only customers were farmers the cockies have been doing alright in spite of the dollar.


zac - its called price deflation

stronger currency .... means lower product costs ... apply same %age mark up .... means lower selling prices .... means less margin dollars per unit.

Unless you sell heaps more units to make up for the lower dollar margin you are in trouble

Especially when your operating costs (wages,power,rents etc) keep going up.

Big problem for those who oprate this way ... like PPG, BGR,WHS ... the winners have been their customers

The well managed like HLG, MHI ahve kept some of the lower product costs for themselves ... and improved margins

Halebop
18-01-2005, 09:41 AM
quote:Originally posted by zac

Spokesman for PPG says they have been hurt by the strong dollar. How? I would have thought they are buying from China with a strong dollar to advantage and even if their only customers were farmers the cockies have been doing alright in spite of the dollar.


Lets say you can expect to sell 1,000,000 pairs of undies this year at $4.99 each. Now they aren't exactly a discretionary item so all things being equal you will sell around 1m if the price is $3.99 or $5.99.

So the NZ$ increases and the NZ$ price drops but demands stays relatively static (or at least unit sales don't increase at the same rate as deflation). Now you have lower revenues.

I suspect this is a sign of the economy running at full tit because if there were extra demand there at lower prices unit sales would rise to compensate. There aren't many speeds above "fastest" which would imply there is only one way to go from here...

The Doctor
18-01-2005, 10:04 AM
so if the dollar is 'weak' the import reliant retailers are happy??...yeah right!!(another excuse from over optimistic,incompetent management)

zac
18-01-2005, 11:06 AM
Thankyou for the clarification - I did not think it thru. Strong dollar means lower cost purchasing but margins have to be maintained because of competition so turnover drops if sales cannot be increased. But hey I am surrounded by women (who negotiate nagging rights) and none of them would go near a PPG shop. Now mention Glassons and that is a totally different story.

winner69
18-01-2005, 12:15 PM
quote:Originally posted by The Doctor

so if the dollar is 'weak' the import reliant retailers are happy??...yeah right!!(another excuse from over optimistic,incompetent management)


"weak" dollar ..... higher product costs .... use your usual markup ..... higher sell prices ..... and hey demand falls away

Or if they are things people 'need' to buy (demand doesn't fall away) competition (lowest price) usually wins ... in this case weaker dollar is good .... because one gets more dollars per unit

winner69
18-01-2005, 06:04 PM
Did recover from a low of 73 to close at 75 so maybe settling down at these levels

But who believes the turn around story touted - turning a loss into bigger profits than last year ... commencing Feb says the announcement

Oracle
18-01-2005, 06:46 PM
Winner

I know nothing about it, but it sounds like cobblers. A bunch of West Coasters going from mail order, to the real world, of real costs & real competition. Sounds like a bad decision. Are these people good managers? I doubt it.

A bit like the Taylor boy. Leaves the Stirling nest, gets into Building Depot, which Fletchers couldn't get to work? Was failing before he started, probably.

My opinions, which could be wrong!

Good decision-makers are the key to success. Theres no shortage of bad ones!

madmike
19-01-2005, 07:30 AM
quote:Originally posted by Oracle

Winner

I know nothing about it, but it sounds like cobblers. A bunch of West Coasters going from mail order, to the real world, of real costs & real competition. Sounds like a bad decision. Are these people good managers? I doubt it.

A bit like the Taylor boy. Leaves the Stirling nest, gets into Building Depot, which Fletchers couldn't get to work? Was failing before he started, probably.

My opinions, which could be wrong!

Good decision-makers are the key to success. Theres no shortage of bad ones!




Oracle
do you know what the taylor boy has been up to recently.....he said he would have an announcement to the market in "2 weeks" back in late nov but no news yet....maybe he's finding it difficult playing hardball with the likes of petrecevic and co!!!!

30-03-2005, 10:46 AM
THE KING says now all the bad news is offical you must admire the way the price is holding about 73 cents hard to belive that is worth a BUY at least six months out so who BUYS these big PARCELES on market.. [^]

Halebop
30-03-2005, 11:17 AM
Your majesty I'm not being rude but I am struggling to work out what the second part of your message actually means!

30-03-2005, 11:43 AM
THE KING tells PARCELES is a term for big to bigger blocks of shares SOLD mainly noticed in a not so good firm they stand OUT..OK..[^]

03-04-2005, 02:53 PM
THE KING says at Paraparaumu a new large shop is being built for PPG to contain all there stores baby,sheet to cloths become a Department store in ONE,, well the next BUY price is 58 cents there NTA.. ;)

03-04-2005, 03:06 PM
YES but not the Rock because he feels NO pain,, Rock has NO brain..;)

duncan macgregor
03-04-2005, 03:28 PM
Your majesty, Rocking is only testing his court jester skills on you. One day he will make you laugh. You would be better to lambast that wayward duke and get him on track with his never ending sales rather than pick on the court jester. Your loyal subject macdunk

TerryA
03-04-2005, 04:33 PM
Rocking,

>>Heil, Caesar!<<

Bit mixed up there, in more ways than one, but I like it.

TerryA

04-04-2005, 01:30 PM
As stated comming down to 58 cents.. sorry who bought at IPO..;)

winner69
04-04-2005, 06:10 PM
Going below 70 is a pretty ominious sign eh KING

What is the significance of 58 cents anyway?

You have to worry about the Groups Strategy
Quote) Postie Plus Group was established as a vehicle to bring together (acquire) omplimentary retail businesses to which Postie+ business model and resources could be applied and which bring synergy and/or scale benefits. This strategy remains the driving force of the Group.

UNFORTUNATELY SOUNDS LIKE A RMG STATEMENT OF A FEW YEARS AGO

winner69
04-04-2005, 06:23 PM
is 68 cents 'cheap'?

Guidance says this year is a year of 2 halves - EBIT negative 0.7M in 1st half and positive $3.0M in 2nd half

Write off the 1st half and say a good full year is $6M EBIT ... approx 10 cents eps

So 70 cents is 7 times a good year ... but the future is (believe it or not) according to PPG dependent on price deflation, lack of a winter, competitor activity,less buoyant retail environment, inflationary pressures.

Chances are those things are likely to happen so that 'cheap' 70 still looks a bit risky

Like KING ... PPG not for me either

Gi

05-04-2005, 03:41 PM
THE KING says going on turnover very few people follow this stock,, Well 58 cents was the last informed NTA so with conditions that pevail that looks its next support but depends on support and it looks like getting NONE from current SHAREHOLDERS.. [^]

lambton
06-04-2005, 08:03 AM
quote:Originally posted by THE KING

THE KING says going on turnover very few people follow this stock,, Well 58 cents was the last informed NTA so with conditions that pevail that looks its next support but depends on support and it looks like getting NONE from current SHAREHOLDERS.. [^]


And the added danger is as has happened in the past (post 1987) - it goes private again (when the s/p gets to a conveniently lower number) having fleeced the public of a few bucks along the way. CEO a smart cookie that maybe works better in the murky private world rather than be open to public scrutiny all the time. Pleased I missed out on buying some at IPO. Even phoned CEO desperate to get a few. Told to go away already full buy on market.

13-04-2005, 07:31 PM
THE KING says be WARNED PPG buyers @ 66 cents this price is not enough to stop the ROT this company is still in LOSS mode and could FAIL.. [^]

halcyon9
13-04-2005, 07:59 PM
quote:Originally posted by cloudnine

King, dont like your latest recommendations much. :D

You said you read the last report and they said earnings a bit under but WILL make the div???

...actually they said "expect to make dividend payments CLOSE to the prospectus level"

other "warning" signs were

...generally in line
...affected by the performance
...while higher costs will have some effect
...assuming second half sales are in line with forecast
...tracking in line with expectations
...higher level of capex, dep, interest, and restructuring costs in the current year than indicated in the prospectus....

combine that with a horrible looking chart...and my conclusion is that
you do need to visit the Doc again real soon.

Profitability around $250k a month.
Assume a FY of $3m
Current market cap of $39m @ 97c
Forward PE 13.
Where do you see it from here?

Waste of time as far as I can see.
And 80c would be a fairer valuation for this year until the "restructuring" benefit they expect materializes.


Good luck, bad buy


[:p]

BTW...BGR at a critcal point right now, and I wouldnt be buying that either until it comes off 142 significantly and breaks that 14 month downtrend...and thats NOT in hindsight. I commented strongly that BGR was way overvalued in the $2.50/$2.60 range.
But will admit I bought PRG between $2.20-$2.76 though:(






OMG Im a winner

you really must miss me

:D:D:D:D:D:D:D:D:D:D:D:D:D

13-04-2005, 08:02 PM
NO I dont silly man of many names SB/C9/H9 you are the LOSSER..;);)

Greyhound
13-04-2005, 08:04 PM
Grief...its back.:(

14-04-2005, 07:35 AM
quote:Originally posted by THE KING

THE KING says be WARNED PPG buyers @ 66 cents this price is not enough to stop the ROT this company is still in LOSS mode and could FAIL.. [^]


Dear members please excuse these people who over write my threads and now back to the bad NEWS..

leanmeanfightingmachine
14-04-2005, 08:08 AM
Hate to say it but I think these guys could be srcewed. Had some hope for them 6 mnths back but until the econmey bombs and unemployment again hits a high nothiing will good will happen for Postie. There customers have traded up big time.

The one on K-rd and Taupo are like ghost towns.

Worried.

LMFM











quote:Originally posted by THE KING


quote:Originally posted by THE KING

THE KING says be WARNED PPG buyers @ 66 cents this price is not enough to stop the ROT this company is still in LOSS mode and could FAIL.. [^]


Dear members please excuse these people who over write my threads and now back to the bad NEWS..

croesus
14-04-2005, 08:15 AM
You may bre right, the Hastings shop is well located.. but whenever I go past it seems very quiet, MHI across the road has also been empty more often then not.

lambton
14-04-2005, 09:35 AM
quote:Originally posted by THE KING

THE KING says be WARNED PPG buyers @ 66 cents this price is not enough to stop the ROT this company is still in LOSS mode and could FAIL.. [^]



Nup, it will go private before ever going belly up. [xx(]

Bling_Bling
14-04-2005, 09:40 AM
I hear this is going to be a warm winter. More excuses for clothing firms to post further downgrades?

Going shopping with the misses, I find most PPG shops really boring and unimaginative. Makes a shopper yawn and fall asleep. Unlike Pumpkin Patch, they have bright and happy colours.

halcyon9
16-04-2005, 07:40 PM
Buy BGR at 151+ and PPG at 95-100



and dont stop to you hear from your KING




:D:D:D:D:D:D:D[:p]

17-04-2005, 08:12 AM
H9 the NOG are waiting your TRUE WORDS..[^];)[^]

Bling_Bling
17-04-2005, 01:52 PM
H9 and King, you guys married to eachother? :D

17-04-2005, 03:50 PM
Bling Boy when your finished at the Pump/patch turn round and stick your head up your B U.. m..;););)

Bling_Bling
17-04-2005, 05:52 PM
I already sold my pumpkins a few months back and disclosed it to ST readers. Thanks for coming. Bling boy not greeedy, just having fun with some stocks.

TheBossMan
13-10-2005, 09:25 AM
havent see such interest in PPG for a long time. Gone up from 68 to 75 cents. 80,000+ buy showing up on depth.

Must be an announcement round the corner.

winner69
13-10-2005, 09:33 AM
PPG featured in something put out by stockmarket.co.nz last week

Must have a few loyal readers because in the past prices seem to rise when this tipsheet mentions a small cap stock

Chart looking better .... and if you have faith in the outlook given is relatively cheap at todays proces

TheBossMan
13-10-2005, 10:17 AM
yep, I think the worst is over for the firm. IT-integration, clustering of shops etc. slowly taking effect. Key focus for the CEO in the next year is to get the SP back to $1 or more. So, cant see any more acquisitions/significant capital investments.

winner69
13-10-2005, 11:31 AM
That tip sheet suggested 120-125 in a years time

Phaedrus
13-10-2005, 12:02 PM
Updated chart. You can't help but notice the excellent correlation between the OBV and the Buy/Sell signals generated by the trendline breaks - often triggering on the very same day.
http://home.ripway.com/2003-11/39768/PPG1013001.gif

Nimble
13-10-2005, 02:05 PM
Phaedrus,
Another great chart. Thanks
1. Have assumed your line chart is based on closing values?
2. Curious as to what you would have used as your original or initial stop.
If Buy "at market" at open on day following close above downtrend, this would equal approx 70 cents. Would initial stop have been 57 cents just below recent low/support at 58 cents. This would risk 13 cents or 19% (13/70) of capital. This seems alot to risk.
3. Would you initial stops generally be in the order of 10%?
4. Do you have any limit on this. I have in the past used risk/reward ratio's of 1:3 but have moved away from this.

Aware you commonly use trend breaks, trailing stops, moving averages, OBV, oscillators to monitor stocks just interested to see what you use initially as basis for a stop.
Thanks again

limegreen
13-10-2005, 02:33 PM
You might find this enlightening:
http://www.sharechat.co.nz/archives/2001/06/msg00554.shtml

Closing price is believed to indicate the smart money. Been interesting/frightening the number of times I've seen this with my own investments. Either a buy or sell signal which seems evident at lunch not there at close.

Phaedrus
13-10-2005, 02:56 PM
Nimble, Yes, the chart plots closing prices, though of course the last point on the chart is the latest intraday price (76 cents). The Close today may be different to that figure.
I generally buy at market, just before the Close on the day of the buy signal. Often I am the Close! You obviously have a clear idea of the initial stop setup that I use, and yes, 19% as in this case is fairly high, but not unacceptable to me. Generally, the figure is a lot lower, but ranging from 2% to 20%. Another method that I have employed is to backtest the stock to find the optimum fixed percentage stoploss and use that. The figure is different for each stock, but often seems to end up at around 6%. I strongly favour setting stops just below a previous support level, though. This seems to me to be more logical than using any arbitrary percentage. (or $ loss) You always have the option of not taking any trade where you feel that such a stop risks too much capital.
I do not use risk/reward ratios, largely because they involve setting upside targets - something I never do unless I am range trading.
A good approach to this whole subject is to know exactly what it would take to make your buy decision "wrong", and quit when/if that happens.

James K
13-10-2005, 06:23 PM
Phaedreus
Thanks for your graphs commentary on this and other threads - much appreciated. Could you recommend a book on TA for the novice. What sorts of basic TA packages generate the OBV indicator?

TIA

Phaedrus
13-10-2005, 07:32 PM
JK,
This should answer your queries. I wrote it some years ago though - a few of the links in it may not work any more.
http://www.sharechat.co.nz/archives/2002/03/msg00009.shtml

James K
13-10-2005, 07:45 PM
Thanks muchly P.

Nimble
14-10-2005, 02:14 PM
Thanks Phaedrus and Limegreen for your comments!!

Speedar
15-10-2005, 08:40 AM
Thanks for the excellent signposts Phaedrus, might be time to learn about this TA hoodoo.

winner69
25-10-2005, 07:37 PM
quote:Originally posted by winner69

PPG featured in something put out by stockmarket.co.nz last week

Must have a few loyal readers because in the past prices seem to rise when this tipsheet mentions a small cap stock

Chart looking better .... and if you have faith in the outlook given is relatively cheap at todays proces


That tip sheet generated a bit of buying ... up to 74 cents odd

And now no interest and all the way back to 67 cents

BRICKS
27-10-2005, 07:07 AM
quote:Originally posted by winner69


quote:Originally posted by winner69

PPG featured in something put out by stockmarket.co.nz last week

Must have a few loyal readers because in the past prices seem to rise when this tipsheet mentions a small cap stock

Chart looking better .... and if you have faith in the outlook given is relatively cheap at today's prices


That tip sheet generated a bit of buying ... up to 74 cents odd

And now no interest and all the way back to 67 cents


SO Doomsday is this the WORD or should we wait some MORE.. [8D]

BRICKS
27-10-2005, 10:26 AM
quote:Originally posted by TheBoss

haven't see such interest in PPG for a long time. Gone up from 68 to 75 cents. 80,000+ buy showing up on depth.

Must be an announcement round the corner.


YER Right the company is now up the creek and may be without a paddle,, The MD resigns along with him selling out over a long period of time most of his holdings seem a bit out of whack if every thing was going cosy,, bit of a risk to BUY now but looking at t/over NO one is in a hurry to BUY IN.. [8D]

winner69
28-10-2005, 06:30 AM
BRICKS ..... might be a good time to buy at 66 ... if anybody is willing to sell

believe those tipsters and u could double your money in the next year

Maybe boss man just getting tired ... good on him if work is a struggle

Tip for Melbourne Cup .... u usually spot on

BRICKS
28-10-2005, 07:21 AM
quote:Originally posted by winner69

BRICKS ..... might be a good time to buy at 66 ... if anybody is willing to sell

believe those tipsters and u could double your money in the next year

Maybe boss man just getting tired ... good on him if work is a struggle

Tip for Melbourne Cup .... u usually spot on


Doomsday your the Guru was Hoping for your lead,,But this is a Dull Jack company best hope is some type of takeover.. [8D]

BRICKS
02-12-2005, 04:38 PM
Well NO buyer for PPG its now name your own price at a PE of 15+ old postie could fall to 30 cents something got to give looking at two stores this week the crowd where not breaking there necks to get in the door could they down size next.. [8D]

troyvdh
02-12-2005, 07:07 PM
I can't believe any correspondence continues for this lot.The guy who started it sold out and quit , he has made his dosh.Besides how many of you lot have actually walked into one of these shops.....god they are horrible...almost as bad as the Warehouse....cheap cheap cheap

Nuts
03-12-2005, 10:00 AM
sorry , if you read the nzx announcements correctly i think u will
see the gentleman concerned did not sell out simply transferred some
shares to a investment co he obviously owns (for wot reason who knows)
but his overall holding remains the same. I attented the agm and
this company is trading well and is on track for at least a
5 mil profit so cant see wot u on about . They feel also the stores
are being upgraded and new stores continuosly opening , they also
say historically postie trades well in a economic downturn.
I think some homework may be needed .
rgds

leanmeanfightingmachine
03-12-2005, 10:00 PM
they are spose to be like that. down turn in econmey and these guys will turn themselves around real fast.

and with a aging population with no money and a screwed super skeme i would say get in i am for the long term.

LMFM


quote:Originally posted by troyvdh

I can't believe any correspondence continues for this lot.The guy who started it sold out and quit , he has made his dosh.Besides how many of you lot have actually walked into one of these shops.....god they are horrible...almost as bad as the Warehouse....cheap cheap cheap

BRICKS
05-12-2005, 08:04 AM
[quote]Originally posted by leanmeanfightingmachine

they are spose to be like that. down turn in econmey and these guys will turn themselves around real fast.

and with a aging population with no money and a screwed super skeme i would say get in i am for the long term.

LMFM

Now we have two PPG shareholders Nuts & leanie says YES its still a goer at what price will you boys BUY to stop the ROT and support the company in this run up to the expected $5 million profit.. [8D]

Nuts
05-12-2005, 10:34 AM
Thats a tough one in this market especially for retailers when the
media are so negative about the economy . Look at hlg price this
morning down 17c , one has to wait for trading results to show if
ppg are back on track for the current quarter which is so important
to most retailers i guess no one rings the bell at the bottom and
current prices do seem pretty cheap .

KJ
05-12-2005, 10:42 AM
Hlg is ex div today-hence the fall-actually up a few cents.

Nuts
05-12-2005, 11:26 AM
sorry missed that point on hlg , you are quite correct of course

Bob Marley
09-02-2006, 11:31 AM
Hey mon, I just had to fork out over $300 mon for school uniforms and new hair brush for Bob junior, Ziggy junior and Bob junior junior at Postie+. The lady in front of me mon forked out over $600 for school uniforms! The sales lady tells me that Postie+ is the number 1 school uniform provider in the country mon. So I got home and did some homework on PPG mon and this is whot I found out mon:

1. It looks like they had some restructuring last year mon which impacted profits and looks like its a one off. Plus weather was cr*p in Dec 04.
2. If PPG report $3.5-$4m net profit like they did in 2004, then they are trading at a pe of 6.5-7.5x and if they pay out 70% of profits mon they are in gross divi yield of 13-15%!
3. Other retailers have reported very good summer sales mon eg HLG, BGR so bodes well for PPG.
4. Everyone is saying economy is going into recession and retailers may be effected but that’s cr*p – I still need to buy school uniforms.
5. Me thinks PPG is very good value and the market is over-reacting to last year’s profit and general market for retailers.
6. Bob’s going to buy PPG mon.

“..could this be love, da, da, da...”

BRICKS
09-02-2006, 12:28 PM
quote:Originally posted by Bob Marley

Hey mon, I just had to fork out over $300 mon for school uniforms and new hair brush for Bob junior, Ziggy junior and Bob junior junior at Postie+. The lady in front of me mon forked out over $600 for school uniforms! The sales lady tells me that Postie+ is the number 1 school uniform provider in the country mon. So I got home and did some homework on PPG mon and this is whot I found out mon:

1. It looks like they had some restructuring last year mon which impacted profits and looks like its a one off. Plus weather was cr*p in Dec 04.
2. If PPG report $3.5-$4m net profit like they did in 2004, then they are trading at a pe of 6.5-7.5x and if they pay out 70% of profits mon they are in gross divi yield of 13-15%!
3. Other retailers have reported very good summer sales mon eg HLG, BGR so bodes well for PPG.
4. Everyone is saying economy is going into recession and retailers may be effected but that’s cr*p – I still need to buy school uniforms.
5. Me thinks PPG is very good value and the market is over-reacting to last year’s profit and general market for retailers.
6. Bob’s going to buy PPG mon.

“..could this be love, da, da, da...”



AT least you can SING Bobbie boy and you may be RIGHT..

KentBrockman
17-02-2006, 07:45 PM
http://www.findata.co.nz/markets/announcement.aspx?e=NZX&n=127480

Finally some turnaround here?

"17 Feb 2006 08:46
QUARTER: PPG: Postie Plus Group Ltd Second Quarter Sales

Postie Plus Sustains Sales Growth.

Positive group sales performance by national retailer Postie Plus Group Ltd
in the second quarter ended 31 January 2006 has established the basis for a
continued recovery in profitability.

Group sales rose 4.5% to $33.09m in the January quarter on an all-stores
basis, from $31.67m in the prior corresponding period last year. This
contribution took sales 4.9% higher to $57.94m ($55.23m) in the half-year
ended 31 January 2006.

The Postie Plus chairman Mr Peter van Rij said, "This is a further strong
response to the disappointing performance in the same quarter a year ago."

"Market conditions were no less competitive during this quarter, yet climatic
conditions were much more favourable for the retail industry generally and
Postie Plus Group has enjoyed increased sales related to summer ranges."

"During the quarter we opened new store clusters at Westgate and Waitekere in
Auckland, and Northwood (Christchurch) following the Te Rapa cluster opened
in the 2005 year."

The group''s leading chain Postie+ had very sound sales for the quarter and
continues to be the key generator of group turnover. The Baby City chain
produced positive sales growth in its small market sector. Sales by the
Arbuckles chain continue to reflect aggressive market conditions.

Group general manager and acting chief executive, Mr Ron Boskell noted,
"Whilst very important to us, the November-January quarter is traditionally
not our strongest period, and accordingly we are pleased with the overall
quarterly data. On a same store basis we did not make the same progress due
to the margin reduction incurred by Arbuckles."

The popular New Year women''s underwear sale held annually by Postie+ was
included in January turnover. In previous years, this has been held in
February, with results included in the third quarter. "Nevertheless, we have
had an encouraging start to the current year," said Mr Boskell. "The Back to
School campaign usually included in the second quarter trading, will fall
into the third quarter of the 2006-2007 year."

The group will announce its half-year profit results on 23 March 2006.

ABOUT POSTIE PLUS GROUP:

Postie Plus Group Ltd is a publicly listed company based in Christchurch. The
group has three trading divisions.

Postie+ is one of the largest speciality clothing retail business in
New Zealand with a nationwide chain of 69 stores located from Northland to
Southland as at 31 January 2006. (In the year ended 31 July 2005, Postie Plus
Group Ltd rebranded six Rendells stores located in Auckland as Postie+
stores).

Babycity is a chain of 13 nursery retail stores located in Auckland,
Wellington, Christchurch and Invercargill as at 31 January 2006. The Babycity
market comprises expectant mothers, parents of babies, their relatives and
friends.

Arbuckle''s is a specialist Manchester retailer with a nationwide
chain of 32 stores, as at 31 January 2006. In the 2005 year a programme of
modernisation of Arbuckle''s branches began and the chain''s consumer appeal
was improved with changes in fashion content, quality and the range of
products.

FOR FURTHER INFORMATION PLEASE CONTACT;

Mr Ron Boskell
General Manager/Acting CEO
Postie Plus Group Ltd
Tel (03) 339 5700
Fax (03) 339 5701
Email: ron.boskell@postie.co.nz
End CA:00127480 For:PPG Type:QUARTER Time:2006-02-17:08:46:24

BRICKS
18-02-2006, 09:38 AM
HOW many shares you boys have Bought/own in PPG YET.. [8D]

Bob Marley
20-02-2006, 09:12 AM
Bricks mon, Bobby boy has recently bought some mon after I had to fork out for all those school uniforms and a new hairbrush for Ziggy mon. I think the company looks in better shape mon than when it did when it listed in 2003 at $1.00 mon.

"Let's get together and feel all right..."

BRICKS
20-02-2006, 10:13 AM
quote:Originally posted by Bob Marley

Bricks mon, Bobby boy has recently bought some mon after I had to fork out for all those school uniforms and a new hairbrush for Ziggy mon. I think the company looks in better shape mon than when it did when it listed in 2003 at $1.00 mon.

"Let's get together and feel all right..."


GOOD on yer Bobby mon, what ever that means.. [8D]

Bob Marley
23-03-2006, 02:53 PM
Hey mon, good interim result form Postie mon.

Interim divi 3cps.
Final divi likely to be same or better.
Full year 6cps plus.
Gross divi yield 12.1% plus mon.

"...I shot the Sheriff....."

BRICKS
23-03-2006, 03:19 PM
quote:Originally posted by Bob Marley

Hey mon, good interim result form Postie mon.

Interim divi 3cps.
Final divi likely to be same or better.
Full year 6cps plus.
Gross divi yield 12.1% plus mon.

"...I shot the Sheriff....."


DID you BUY some mon,, [8D]

Bob Marley
08-05-2006, 10:41 AM
Anyone heard the news about Postie mon?

glennj
08-05-2006, 11:17 AM
Bob the news may be that it was tipped this morning by "Market Analysis" the James Cornell publication. As a small cap the price would be pretty easy to move.

Don't hold this stock or intend buying any but it is worth noting that "Market Analysis" has an excellent track record with their picks.

BRICKS
08-05-2006, 11:48 AM
BRICKS in Florida USA dont get carried away this is a small co and and sort of BUY is noticed but it will send it up always best to be on the INSIDE.. [8D]

nelehdine
10-05-2006, 08:26 PM
Given everything that's going on across the ditch ... gold,oil,uranium,copper and even here with quality stocks like FPH,FBU and CEN ... why oh why would people invest their precious capital in a real DOG of a business like this ... It really is quite beyond me ... WHY ??????? . I can't quite believe I've wasted my time even writing about it ... but to invest in it , well ..

BRICKS
11-05-2006, 03:55 AM
quote:Originally posted by nelehdine

Given everything that's going on across the ditch ... gold,oil,uranium,copper and even here with quality stocks like FPH,FBU and CEN ... why oh why would people invest their precious capital in a real DOG of a business like this ... It really is quite beyond me ... WHY ??????? . I can't quite believe I've wasted my time even writing about it ... but to invest in it , well ..


NEL your right,, But in NZ you have to start some where there is not much on the NZX board as which to pick so start training on the small ones and you will graduate just like yourself you are helping the younger people to get started.. [8D]

zac
11-05-2006, 10:57 AM
It is true that the 'Market Analysis' tip boosted the PP s/p. It is to be hoped that the tipster was not playing the market, buying ahead of his subscribers, and selling into the rise. Remember Briggs and the 'A' letter. This Company, with its size and liquidity offers a prime opportunity for a player to manipulate the price.

Lizard
11-05-2006, 02:31 PM
quote:Originally posted by zac

It is true that the 'Market Analysis' tip boosted the PP s/p. It is to be hoped that the tipster was not playing the market, buying ahead of his subscribers, and selling into the rise. Remember Briggs and the 'A' letter. This Company, with its size and liquidity offers a prime opportunity for a player to manipulate the price.


Unlikely! Market Analysis has been in existence since 1981. Its expanded readership (and their expanded wealth), the relative irregularity of new recommendations and the stated policy of mostly investing in small - mid cap stocks means there is inevitably going to be some price movement on most recommendations. The editor has also been open regards his own personal investment policy in this regard and suggested on occasions that readers try to avoid this effect with their orders. I'm also sure that by now he has generated sufficient wealth and does not need to risk his reputation for a few extra dollars.

zac
11-05-2006, 02:47 PM
I take your point; I guess the Postie Plus recommendation seemed odd; the Company and its wares are pretty ordinary. Actually since the Editor of MA has forsaken energy and oil stocks for philisophical reasons his picks are not looking particularly flash. Perhaps his new home under the palm trees somewhere in the South Pacific will give him new and fresh insights.

winner69
11-05-2006, 04:46 PM
Same tipsheet picked this back in October that caused it have a sudden rise as well

Pity forecasts not as good as everybody wanted ..... they wanted the share to go 120+

clearasmud
11-05-2006, 07:05 PM
Yes but its not 12 months yet.

If they can return to a 6 c divi and interest rates drop as expected then the shares could trade close to $1.20 for a 5% net yield

This should still be a good little company.

I hold a few

Regards,
Clearasmud

zac
11-05-2006, 07:09 PM
And pigs might fly

clearasmud
11-05-2006, 08:51 PM
I don,t actually expect this stock to fly but if it reaches 1.00 plus divis this year I will an extremely happy pig in mud!
Stock is up 32% incl divs this year since I bt in Jan


Regards,
Clearasmud

BRICKS
12-05-2006, 02:41 AM
quote:Originally posted by clearasmud

I don,t actually expect this stock to fly but if it reaches 1.00 plus divis this year I will an extremely happy pig in mud!
Stock is up 32% incl divs this year since I bt in Jan


Regards,
Clearasmud


DON`T worry Clearasmud no one in NZ loves a winner and your in front look back at the loosers just like my efforts in the AIR purcher`s but knokers soon shut up after you walk off with the CASH.. [8D]

Phaedrus
12-05-2006, 08:07 AM
Downtrend....Trading range....Downtrend....Trading range....

Why buy now? Why not wait to see which way PPG breaks out of its current trading range? Far better to pay a few cents more for a stock that is going up than to "invest" in a stock that is going sideways....or down.

http://h1.ripway.com/Phaedrus/PPG512001.gif

winner69
12-05-2006, 08:06 PM
quote:Originally posted by winner69

Same tipsheet picked this back in October that caused it have a sudden rise as well

Pity forecasts not as good as everybody wanted ..... they wanted the share to go 120+


Upset the editor of the tip sheet with this post .... emailed me offering to refund my sub if i wasn't happy .... trouble is I don't subscribe

ZAC .... you must be in big s*** with this guy as well after your comments .... far worse than mine

BRICKS
12-05-2006, 08:20 PM
quote:Originally posted by winner69


quote:Originally posted by winner69

Same tipsheet picked this back in October that caused it have a sudden rise as well

Pity forecasts not as good as everybody wanted ..... they wanted the share to go 120+


Upset the editor of the tip sheet with this post .... emailed me offering to refund my sub if i wasn't happy .... trouble is I don't subscribe

ZAC .... you must be in big s*** with this guy as well after your comments .... far worse than mine




YOUR slipping W69 should have taken the MONEY.. [8D]

clearasmud
13-07-2006, 03:42 PM
Lot of buying activity in this stock lately.
Looks as though its ready to break out!

Phaedrus
13-07-2006, 05:09 PM
Ready to break out? It broke out a month ago.....

The fact that PPG broke to the upside of its trading range should come as no surprise. See how the OBV continued to climb, even though the stock price was tracking sideways. PPG was being accumulated.

This will be the last chart I post for a while. (Going on holiday).

http://img.villagephotos.com/p/2006-2/1151662/PPG713001.gif

TerryA
13-07-2006, 05:19 PM
Phaedrus,

>>This will be the last chart I post for a while. (Going on holiday).<<

I am not suggesting you hurry back but you will be missed !

have a good one,

Best wishes,

Terry

clearasmud
16-08-2006, 10:17 AM
http://stocknessmonster.com/news-item?E=NZSE&S=PPG&N=135463

"Strong quarter for Postie Plus"

share price up this morning to 20 month high,86c

Snow Leopard
20-09-2006, 03:55 PM
Experience of companies installing SAP tells me this announcement (http://stocknessmonster.com/news-item?S=PPG&E=NZSE&N=137134) is a sell signal

clearasmud
20-09-2006, 04:34 PM
quote:Originally posted by Paper Tiger

Experience of companies installing SAP tells me this announcement (http://stocknessmonster.com/news-item?S=PPG&E=NZSE&N=137134) is a sell signal


Why so PT?

winner69
20-09-2006, 06:13 PM
quote:Originally posted by Paper Tiger

Experience of companies installing SAP tells me this announcement (http://stocknessmonster.com/news-item?S=PPG&E=NZSE&N=137134) is a sell signal


I sort of agree ..... some have made it work (generally those who change their ways to fit SAP) but some horror stories as well .... and most of those are retail orientated companies

winner69
20-09-2006, 06:15 PM
Well done to that tip sheet that tipped this a whole ago ..... nearly a buck now and on track to your to your 120 odd

Snow Leopard
20-09-2006, 09:13 PM
Of the companies I know who have installed SAP, none have come out unscathed. You tend to miss your profit targets for the year, and maybe beyond.

Silly Duffer
20-09-2006, 09:37 PM
I have managed a business that uses SAP as it's IT platform for more than 10 years and have had none of the issues above referred. We find it's integration....good MRP capabilities.....powerful real time drill down abilities.....and powerful interpretative tools very supportive of the business objectives we seek.We are a multi-site manufacturing enterprise as well as extensive sales based organisation. Sure it is Germanic and inflexible when it comes to changes outside the accepted ...as well as demanding of high quality addon's if you seek particular sales,product costs or forecasting etc analysis. The key for us was that we used our own people to implement it.....conceding a longer implementation period....as our observation was that some failures had been consultant or large accounting firm driven with the SAP expertise held outside the business.I hope PPG have an experience similar to ours.

hesiod
21-09-2006, 12:42 PM
SD - no secret that history is littered with failed ERP implementations, and possibly they have more profile than the successful. So good on you for having the win.
The most notable success for SAP in NZ I believe was CHH. Am I right in thinking their IT group was spun off to specialise in this work ?
However my own MFG related experience - not quite at 10 yrs, has been that large ERP implementations only deliver a subset of benefits that got them signed off in the first place. And invariably at a significant cost increase.
I am aware of one very large SAP proposal which has just been torpedoed, after more than a year of prelim design,scope and process mapping. What a journey that has been. Perhaps it will be good for PPG leaving more experienced resource available.
However I'm with PT on this. Look for a update in 12 months explaining the extra time required to complete - with corresponding increase in cost and loss of savings.

Hesiod

PS Oracle Q1 earnings ...

Halebop
21-09-2006, 01:05 PM
In my experience most SALES processes of IT systems (SAP and otherwise) focus on the people who attend those sales meetings irrespective of any scoping - normally this means you have a Upper / Middle managers, maybe some IT / Database people and 1 or 2 Analysts. The forgotten ones end up being the vast majority of system users who apply the system on the coal face. The customer experience falters as a consequence. I'm not picking on Silly Duffer but it's typical to hear about the great decision support possiblities rather than how it improves the customer experience. A company I am a partner in builds decision support systems and there is a need for them but it's time to move on from there. Any Analyst or consultant worth his or her salt can build you a reporting system if the product doesn't deliver in this regard. Augmenting the customer experience with system processes is a whole different kettle of fish.

Bob Marley
22-09-2006, 03:15 PM
Hey mon

Good result from the Post mon today mon. Net profit $3.9m, up 129% on last year, 7cps FY divi. PE of 9.5x and a gross divi yield of 11.2% mon.

5 additional stores already opened this financial year and more to come. I used to buy my shirts at Hallensteins but too pricey so I go to Postie+ now mon for their $10-$20 ones. And the good thing about Postie+ shirts is that they're packaged together with a tie so you don't have to choose one separately. As the NZ economy slows just watch everyone flocking to Postie+ mon to get their 'value-for-money' products. And don't forget their school uniforms (sometimes exclsuive relationships with schools) and good thermal range for the ski season mon, not that Bob ski's mon 'cos it too cold for me mon, but those Postie+ thermals still keep me warm. In fact, the whole family wears the thermals over winter mon, me, Mrs Marley and my cousin Ziggy and my three son's, Zion, Bob junior and Ralph.

"...could this be love...da, da, da..."

pimpit
22-09-2006, 03:20 PM
Bob Marley: how much weed did you smoke today?

Bob Marley
22-09-2006, 03:31 PM
Pimpit mon, Bob don't smoke no weed no more mon. I gave up last year mon and now consume only 'clean' products mon. Charlie's 100% berry and fruit smoothies, clean packaged shirts from Postie+ and get my seven gold tooth crowns regularly seen to by my local dentist who uses the top-notch software from Software of Excellence mon. Bob's a changed mon, mon.

"... I shot the sherrif, but I did not shot the deputy, we hee hee..."

clearasmud
22-09-2006, 05:10 PM
The divi increase was a suprise mon.
11% gross divi;71%payout ratio this company is delivering to shareholders:D

clearasmud
17-10-2006, 09:14 AM
At $1.01 I think Postie+ is still cheap compared to others.
especially as there are no stock options and high directors fees.

We continuing good management postie+ will have much scope to improve performance I believe.

There has been a huge turnover of the free float shares over the past couple of months eliminating most of the overhang of cheap buyers.
My only consern was the sale by Paul Young of his 6% holding.
Wonder who bought them?

I'm looking forward to the 2006 annual report

clearasmud
24-11-2006, 11:01 AM
Dellaca family sells down to 15%.Good freefloat now
http://stocknessmonster.com/news-item?S=PPG&E=NZSE&N=139052


Qtr sales up 12%
Plus launch of new chain "Point Zero" and trial of standalone store "Who's henri"
http://stocknessmonster.com/news-item?E=NZSE&S=PPG&N=140379

sp98c ex 4c dividend

Nuts
27-11-2006, 03:11 PM
Good positive agm and 3 month turnover gain of 12% , dissappointing that sp has hardly moved , maybe thats ok in current climate ????

clearasmud
27-11-2006, 08:42 PM
For me this is a longterm dividend stock investment with likely eventual upside due to tight management.
I may even top up again soon
pe is about 10 and d/yield about 7%.
What me need is some margin improvement.

Deev8
28-11-2006, 09:31 AM
quote:Originally posted by Nuts

Good positive agm and 3 month turnover gain of 12%

However there are definite indications that all is not well in clothing retail at the moment. Yesterday Hallenstein Glasson issued a profit warning saying that sales for the 16 weeks to 21st November were 2% down on last year, and on Friday The Warehouse reported that apparel sales were down. Postie Plus are clearly bucking the trend at the moment, but they could also sucumb to a retail downturn.

sekrub
26-02-2007, 12:00 PM
How prescient you were three months ago Deev, Postie+ posts a tough
summer, and the reef fish are bailing out.

But this has happened before and the group bounces back, those
of us holding through for the next result, are looking for
meteorological support.

Nuts
27-02-2007, 10:41 AM
they historically do well in winter trading , the last six months has been tough on most retailers and many other companies eh..
i wonder would ppg still pay a div ? prob not i guess.
They sharemarket aint much good even with a diversified portfolio at the moment , may be i should look at property ......

Greyhound
14-03-2007, 05:37 AM
Share price bouncing back nicely after that poor result.Maybe a divy is forthcoming....[:p]

Nuts
25-03-2007, 11:00 AM
They did , 2 cents down from 3 last half but shows they have some confidence in winter trading , also 6 new stores coming onstream and relocations of older smaller stores in Greymouth and Nelson so its not all bad eh.
nuts

Ekrub
13-09-2007, 04:17 PM
Gee...no posts on Postie Plus, pun intended, for nearly six months.

Any punters got any clues as to why Jan Cameron is buying up large?

Not that I'm unhappy the SP has bumped up 9c today.

Buy heaps more Jan!

BRICKS
13-09-2007, 04:25 PM
WHO is Jan Cameron..

Underlord
13-09-2007, 04:30 PM
Jan Cameron, the cashed-up founder of outdoor clothing and equipment brand Kathmandu, presents a very private paradox.

On the one hand she is intensely - almost obsessively - reclusive, on the other she is the architect of one of New Zealand's most pervasive mass-market consumer brands.

She's New Zealand's most successful businesswoman, yet has eschewed any association with mainstream business networks.

She's reputed to be a hard-headed, aggressive operator in her commercial dealings, yet retains a legion of loyal advisers, friends and associates who resolutely guard her privacy.

She's a savvy, entrepreneurial woman who stormed into the insular, elitist, male-dominated outdoor-equipment market in the 1970s and revolutionised it with a business model built on boutique retailing, sharp marketing and mass discounting.

macduffy
13-09-2007, 04:32 PM
You gotta be joking.
But if not, she made the fortune out of Kathmandu.

Ekrub
13-09-2007, 04:54 PM
Bricks....this was the News out in the last day or so:


Kathmandu founder Jan Cameron has bought 8.6 per cent of clothing retailer Postie Plus.

The acquisition was revealed in a notice to the sharemarket yesterday.

Ms Cameron bought her 3.45 million shares between August 15 and September 7 at prices between 75c and 96c per share. Her shareholding would be worth $2.65 million at yesterday's closing price of 77c.

The Dominion Post quoted a source today saying Ms Cameron had been in Europe for the past three months, and was setting up high quality furniture and homeware stores in Sydney and Melbourne.

Ms Cameron founded Kathmandu after starting to make her own outdoor equipment in a Melbourne flat 20 years ago, selling out of the business last year.

The National Business Review lists her as New Zealand's wealthiest woman, worth $300 million, in its latest Rich List.

Greyhound
13-09-2007, 08:33 PM
Ms Camerons investment is goodnews.This is a sign of confidence.I await final result with trepidation as allthough its been declared that sales are up,I just wonder what the margin is like.

Nuts
24-09-2007, 12:09 PM
any thoughts on ppg year end results at all ?

Greyhound
25-09-2007, 12:02 PM
Nice improvement in their margin,but the high stock level bothers me.This will lead to discounting,which in turn erodes the margin. :(

Nuts
30-09-2007, 09:40 AM
this 8.6% buy in by ms cameron , is this likely to be just a passive investment , or part of a plan to become an important player in this company do u think ?
cant see why with all her cash she would be just passively investing in a company this small , what think you ?
rgds

Hoop
30-09-2007, 09:59 AM
Could be any numbers of plans Jan Cameron has. We have to guess with the knowledge we have to predict which plan it is.

She bought up 8.3% which is below the 10% blocking share holding....friendly investor?
PPG shares have fallen back from 105 to about 75c when Jan bought in.
Jan Cameron forte is clothing manufacturing.

Does she just thinks that PPG is cheap buying or is after some sort of common thread for her next entry plan into the clothing industry (pun not intended :))

Nuts
30-09-2007, 04:13 PM
i guess u r on to it , we will just have to wait and see eh...
rgds

Nigel
22-01-2008, 03:53 PM
Since the last posting, Jan has increased her stake, and the share price has also fallen further. Today's prices of 55/56 seem very very cheap when you consider that the NTA per share is 66c!

POSSUM THE CAT
22-01-2008, 05:08 PM
NIGEL if you held a liquidation sale in todays market you would be unlikely to get 30cents in todays market. Historical NTA is usless in this market

Deev8
23-01-2008, 09:29 AM
Today's prices of 55/56 seem very very cheap when you consider that the NTA per share is 66c!It's the quality of those assets that really matter, and I haven't looked to see what they are. Hard cash is best, freehold property can be good, but shop-fittings and stock are almost useless.

whirly
30-01-2008, 10:15 AM
And the Coast takes another hit! I have been looking for west coast related investment and they all seem to be running faster than I can catch them. By process of elimination I will end up buying a fish n chip shop at this rate.

NZX AND MEDIA STATEMENT
25 JANUARY 2008

Postie+ to rationalise distribution to Christchurch

Following a thorough investigation into the most suitable location for a new replenishment centre for its national apparel chain the Board of Postie Plus Group Limited has selected Christchurch.

The Board's decision was based upon the company's need to locate all warehousing and distribution into one location, whilst achieving savings in operational costs; and satisfying logistic requirements of improving speed to market and proximity to ports and rail links.

PPGL had already based initial allocation of apparel product to its retail chains throughout New Zealand at Christchurch, as well as replenishment activities for the Schooltex uniforms brand. The full apparel replenishment facility for 75 Postie+ branches will become operational in Christchurch from this winter.

"The decision to position all warehousing and distribution in one location was made after a cost analysis indicated savings in excess of $2,000,000 over the next three years," said Chairman Mr Peter van Rij. "The savings are made up of a combination of freight, rental and staff costs."

"The current Westport location, operating as it does from a number of buildings, is no longer suitable because of a lack of space, modern facilities, and distance to market. The company commenced a search for a location that would provide it with the best long term result. All regions in New Zealand were included in the search for the best location with Christchurch and Auckland being the most appropriate to compare with Westport."

"The prospect of moving base operations from Westport after generations of close involvement with the Dellaca family, the founders of Postie+, and the Westport community was something that had to be carefully considered," said Mr van Rij.

"If it was a question of the heart making the decision, we would not be moving. The staff in Westport have been marvellous in their loyal support of the business over many years, but of recent times, they too have wanted certainty and finality to the review." The company noted that wherever possible staff would be able to relocate to Christchurch, and the company's Human Resources team will be working with local organisations to minimise the impact on staff.



The chief executive of PPGL, Mr Ron Boskell, said a recent petition arranged by the National Distribution Union and supported by Development West Coast and the Buller District Council in an attempt to keep Postie+ distribution operations in Westport showed great support from the local community with approximately 1500 signatures.

"The company acknowledges the support of the town for retention of the distribution activity and is grateful for the efforts of Buller District Council, Development West Coast and the NDU in researching options that would have seen the Westport location retained, but the cost differential and other benefits were too great to overcome.

"The Christchurch operation for Schooltex commenced in October 2007 and after commissioning is now functioning very well," he added.

Mr Boskell said, "The fluctuating profit performance of PPGL has caused us to re-examine all areas to assist bottom line growth for the company and our shareholders. This decision along with others will see savings that will enable PPGL to return better results."

Steve
01-02-2008, 03:21 PM
No movement on the shareprice would indicate that the market either had factored it in or just doesn't care...

Nuts
02-02-2008, 08:52 AM
Perhaps with the changes being made and 2nd half projection some see a better future for the company , methinks the backlog of stock must have been a big problem.

whirly
02-02-2008, 12:46 PM
Was in Posties (Greymouth) last week buying school uniforms and it was packed. Cost me nearly $500.

Nuts
04-02-2008, 09:47 AM
tough bringing up kids today eh, glad im past all that . never mind at least you are supporting PPG , hope u got some shares ...

Ekrub
19-03-2008, 06:10 PM
Could anyone explain why PPG shares fell 11c today, from 61 to 50,
on a volume of just over 23,000 shares? Or just over $13,000.

And why isn't Jan snapping them up at this level? C'mon Jan!

BRICKS
20-03-2008, 09:00 AM
Could anyone explain why PPG shares fell 11c today, from 61 to 50,
on a volume of just over 23,000 shares? Or just over $13,000.

And why isn't Jan snapping them up at this level? C'mon Jan!

ITS the same reason the KIWI investors are not buying on the NZX and retail stocks are number one targets like RBD & SCY same is happening to PPG so it will make it a bargain in the long run, So Ekrub [what ever that means] if you like the stock BUY it don't worry about other people doing it for YOU..

COLIN
20-03-2008, 09:03 AM
Looks like the opening skirmishes in the Jan Cameron v. Rod Duke battle for supremacy, Jan in one corner with her PPG and her NOOD, Rod in the other with his BGR & his PPL.
Who should we back?

macduffy
20-03-2008, 09:12 AM
Looks like the opening skirmishes in the Jan Cameron v. Rod Duke battle for supremacy, Jan in one corner with her PPG and her NOOD, Rod in the other with his BGR & his PPL.
Who should we back?


I don't see much competitive tension between PPG on the one hand and BGR/PPL in the other, except for the area of small children's clothing. Even then, I would have thought that the relative companies are aiming at different market segments with not a lot of overlap?
By the way, who/what is NOOD?

:)

BRICKS
20-03-2008, 09:43 AM
Looks like the opening skirmishes in the Jan Cameron v. Rod Duke battle for supremacy, Jan in one corner with her PPG and her NOOD, Rod in the other with his BGR & his PPL.
Who should we back?

YOUR quoted fight makes NO sense to any situation, but taking JAN`s so called holding that she may attempt a T/O doubt that would be on it would cost a lot with very little RETURN..

Ekrub
20-03-2008, 01:51 PM
I suppose I could've chosen a sensible nom-de-plume like yours
Bricks, but thanks for the lucid and enlightened explanation as to
why Postie lost nearly 20% of it's market capitalisation on such
a miniscule number of shares traded.

COLIN
21-03-2008, 02:13 PM
I don't see much competitive tension between PPG on the one hand and BGR/PPL in the other, except for the area of small children's clothing. Even then, I would have thought that the relative companies are aiming at different market segments with not a lot of overlap?
By the way, who/what is NOOD?

:)

I just thought I would throw a ball into the air and see which way it bounced!
Perhaps in my haste I could have used a more appropriate analogy. Actually I don't think that one will knock out the other. Rather I was musing as to who might eventually prove to be the most lucrative one to follow.
I do see some directly-competitive areas though, apart from childrens clothing lines. I came across one of Jan Cameron's large newly-opened NOOD stores in Dunedin, a few weeks ago. She stocks the sort of trendy household ware that I believe Rod Duke was chasing with his Urban Design venture - or has he given up the battle on that?
Jan is a very private figure but she has a huge stash available from her Kathmandu venture and knows what she is about. I am quite sure we will see some more action from her.

Nuts
26-03-2008, 09:33 AM
would Jan not have some sort of restraint of trade for a time after selling Katmandu ?

COLIN
26-03-2008, 04:37 PM
would Jan not have some sort of restraint of trade for a time after selling Katmandu ?

Only if she was competing in a similar field, I guess. Kathmandu is a somewhat specialised retailer.

BRICKS
27-03-2008, 06:12 PM
IS that 35 cents on offer for PPG don't really think its worth that much it has TONS of kids cloths and not much more Watch this SPACE...

Dr_Who
28-03-2008, 08:05 AM
It would be interesting to see what Jan has in mind for PPG, if she has any. At the moment I dont like the PPG business concept and its branding. It is all over the place without any direction. Once they have sorted out there business model and has a good strategy and branding, I will buy this stock.

Dr_Who
28-03-2008, 08:42 AM
Isnt PPG reporting half yr profit soon? Maybe the market is expecting a bad result? Just speculation on my part.

Nuts
28-03-2008, 08:49 AM
they forecast 2.8mil loss for first half some weeks back and expect 4.8mil profit for the year . announcements due today .