Maybe reducing their debt would be a good start. I wonder if they'll sell some of their businesses.
Printable View
Maybe reducing their debt would be a good start. I wonder if they'll sell some of their businesses.
Jeez, you guys really have it in for Metro
A tainted view from losing money?
An untainted view is a pretty solid company making pretty good financial returns (above industry average ebit margins) that unfortunately has suffered from too much interference from financiers and fund managers who though they knew how to run a glass business. This ‘strategic review’ is just window dressing (at shareholders expense) to deflect the blame for perceived failures from those same financiers.
Probably will be leaving the NZX 50 soon
That isn't something to be relentlessly positive about
There is always two sides to the coin and clearly the punters buying think there will be no downgrade and the people selling think Metro is going to the dogs. Time will tell who is right.
Think it is more about going to be kicked out of the NZX50 in a week or so. Market cap too low to stay in and prob some funds trying to sell down with low liquidity.