As history has shown, performance is not always good..... ;)
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I'm happy and we are approaching my break even point as long as history doesn't repeat itself.
shareprice be 90 cents sometime next year
just getting back to where it should be
metro performance itself never really been a disaster ....just that the market thought it was a basket case - insto's / fund managers and the money men can only blame themselves if they lost money for playing with this.
Nice move higher today (when the overall market is down). Depth looking good to maintain this too.
Hoping for a re-rate after the Nov update...
Measure of a resilient business is not how they make profits in a boom, but how they weather the downturns. MPG received a lot of criticism for not making more money in the boom, but anyone who knows anything about civil contracting knows that chasing profits in a boom is a great way of over extending and going broke.
Very comfortable holder, happy with steady, predictable growth.
A move to this level will only happen when they start paying divvies again, which will happen when debt has been reduced to???
OMG 45cents :eek2: :D lets dance! :t_up:
https://youtu.be/-cLpZKVH07w
Now that The Bear has broken even do I take the money and run or do I hold :confused: hmmm ....
its on its way back to winners 90 cents!
Underlying value 80 cents plus hype 10 cents equals 90 cents
On its way for a pretty well run company
All those guru fund managers and finance guys who hyped Metro up post IPO and those who got sucked in deserve what they got ....it turned out $1.20 plus of hype was a pipe dream all along.
Monday morning for the results, hoping they are good, a few more cents to the share price would be nice.
Managements current trading / outlook statements are going to be the key bit. The financials cover a period with very different conditions and could be all over the place. The half year period is April 2020 to Sept 2020. We know from the August announcement below that the L4 lockdown had basically taken out a months revenue and after four months there was still a $18.6m year on year decline.
On the 21st Aug MPG provided a 4-month trading update. If not separately advised, it should be possible to tell what sales looked like in Aug/Sep from this announcement.
Quote:
Originally Posted by 21Aug2020 NZX announcement