With Methven no news is generally good news
Printable View
With Methven no news is generally good news
BlackPeter - I am sure check for yourself, you can look at announcements over last few years to see what I mean.
Can Methven Limited benefit from lower NZD in the coming years?
Should benefit as has overseas operations.
Hi Tim - this is a good example for "past events not being an indicator for future events ;)". Sure, in the past Methven had the end of their financial year in March ... which meant half year reporting in November and full year in May.
It might have slipped your attention that they moved the end of the financial year out to June, which means this financial year has 15 months, which makes it sort of unclear when their "half year" reporting is supposed to happen (after 6 months or after 9 months or somewhere in between). What is clear is that the next full year results will be released in August 2016 ... and if the information on their website is correct, than we will need to wait until February for the half year update ... but I guess time will tell.
Half Year this year will be 9 months to December. No real comparatives to prior periods likely
Tricky stuff eh
Did they say why the change? Sometimes a 'red flag' changing balance dates.
This new shower head is brilliant ...... ( especially with the water restrictor out ) Hopefully this will boost sales , the ladies in the house have even started to use my shower :)
http://www.methven.com/nz/showering/...shower-handset
They did ... they said that they want to enhance the "predictability of financial forecast" - but why not just use their own words (from the 2015 annual report):
Attachment 7677
I am sure that the fact that they now have 15 months to beat the usual 12 month results was far off their mind when they made this decision (though who knows, maybe they like the 15 month years so much that they continue running them;)
Things really firing down Methven way
Profits up 20% last 6 months
And for you divie lovers a special 3 cent bonus coming for Xmas
https://www.nzx.com/files/attachments/224311.pdf