If 82 cents was good buying then 64 cents should be the bee’s knees eh Winner :D Am I the only one tempted to buy a few? :confused: Yep probably, silly silly bear never learns! :mellow:
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so the new CEO started this week on Monday morning. you guys knew that right?
I've not really followed MPG at all and especially since Gaynors tear up last year Brian Gaynor: Metro Performance Glass fails to shine
but was just catching up a bit and noticed that there had been new appointments since the criticism made against the composition and compensation of the incumbents.
Perhaps this is simply the new guy clearing the deck and giving him the opportunity to invest cheaply in the company?
discl (not a holder and not likely to become one)
I see that Rigby is still on the share register with 5.4 M shares.
Because of their leading market position and high EBIT margins (that is for this industry globally) Metro was always exposed to somebody keen to disrupt the market .....and now it seems to have happened.
Greedy (price wise)for too long
Worse still the new competitor has some ‘influence’ over a large part of Metro’s customer base.
Nothing to gain but a lot to lose I reckon.
Least it didn’t close in the 50s today
That’s a good sign
Suppose they rewriting next Monday’s presentation.
Must be frustrating having what probably is a good financial result tempered by recent events.
Might even increase guidance for F19;....that would be ironic eh
Yeap, as expected. Headed even lower I reckon. Investors were sold a pup when this floated. Balance sheet is heavily stacked with intangible assets that have been valued based on fundamental assumptions that have proved to be erroneous. I expect this to limp along for years under-performing the market. A brave CEO would slash and burn production capacity to get the market back into some sort of equilibrium when the new company starts up but I don't think they will.