Looks like last weeks announcement not enough to excite the market
Heading back into the 20’s
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Looks like last weeks announcement not enough to excite the market
Heading back into the 20’s
Things looking well for Cavalier...
https://www.nzx.com/announcements/362614
New Bremworth brand identity leads Cavalier’s transformational strategy towards sustainable, interior solutions business.
• Exit from synthetic carpet market well-advanced.
• Q1 results up on previous year.
• Sales revenues for first quarter of FY21 have continued to be stronger than anticipated when the Company first came out of COVID-19 Level 4 lockdown in April.
• Further reduction in net debt to $1.4m as at end of October 2020, putting the Company in a strong position from which to execute the transformation.
• Sale and leaseback of the Auckland property, with the net proceeds to be invested in supporting the new strategy, remains underway.
11.9% jump today, seems the market liked the announcement.
when the govt starts installing wool carpets in all govt owned buildings. anyway i see there cash pile growing strongly and will wait with interest there next results to see if this is the case. surely a big dividend payout at some stage will occur if this is the outcome
still some way to go but there is finally hope. We will continue to talk to the local flooring people to see if they are impressed. They still consider the product to be good quality.