Well I've certainly been taught a damn good lesson by this stock. It really has screwed me over!!
95 cents now. It's getting punished. Question is do I ride this out or get out?
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Well I've certainly been taught a damn good lesson by this stock. It really has screwed me over!!
95 cents now. It's getting punished. Question is do I ride this out or get out?
Depends, what do you value this stock at?
https://www.nzgeo.com/stories/looking-into-glass/
Says here that NZ does manufacture glass and even export some!
Yes, there has to be to some extent as EBITDA is expected to be in line with 1H FY17 with revenue growth. As to exactly what extent, will have to see what revenue comes out at.
Margin erosion has been due to poor planning hence all the mgmt reviews etc. Lost efficiency, suspect too much labour planned. However, this still anticipated to recove in 2H and then even more so in FY19 as a result of PPE investment (significantly increases efficiency & reduces labour) and their strategic review.
Plenty of consents in the pipeline with a year lag to keep them busy for the foreseeable future. End of the day we can still anticipate a conservative 11.5cps for FY18 and a gross divi of 7.6cps, with margin growth, and therefore eps growth, coming on in FY19. Market price still seems a quite harsh given this.
Hope this strategic review changes the focus to margin optimisation, rather than top line growth - they have already achieved that. Record revenues, time to turn it into record profits.