Maybe things have really changed (after all Percy has eaten his hat) and this time the dreams will turn into reality
You obviously have the faith Tim
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Maybe you could be seduced by this model?
Methven showered with praise
- Design
- March 10, 2010
- Ben Fahy
- 4 comments
http://stoppress.co.nz/media/VERSION...ticle-hero.jpg
http://stoppress.co.nz/media/images/...er-255x200.jpgMethven, the New Zealand-owned designer, marketer and exporter of water and energy efficient bathroomware, has won a Red Dot Product Design Award at the 2010 competition in Germany for its Shower Infusions, a system that "transforms a daily shower into a luxurious, mood enhancing spa experience", as can be seen from the reaction of this showering naked lady.
Methven was awarded an honourable mention and the right to use the Red Dot seal of quality on its collateral to signify the product design and innovation behind Shower Infusions, which are dispensed from an ingenious, easy-to-install pod, is among the world's best (speaking of the world's best, Auckland design outfit Alt Group picked up a few Red Dots recently too).
With the rise over the last couple of days I am nearly at break even on MVN:
dividend = capital loss so just down by the brokerage.
Plan A said I would sell if they got down to $1.10;
Plan B saw me on extended holidays and coming back to a $1.00 price.
But the current trend can be your friend.
...now where is my copy of Plan C...
Best Wishes
Paper Tiger
Got an email today from Methven which starts
'Dear Shareholder'
so I guess I still have some of these, although I did ignore 'Plan C'.
Anyway they keep winning awards, apparently this time in Chicago:
Aurajet Aio - Best Performance By a Shower in a Cleaning Role;
Aio Tapware - Most Nuanced Temperature Control in a Faucet.
(I may have made the awards up)
Announcement PDF << Hey look they told everyone not just me!
May be the share price will start going up again now?
Best Wishes
Paper Tiger
I wish you luck Paper Tiger with your MVN,but I do note "130 years of innovation and passion for design" has not been exactly profitable for shareholders;\
11 years -35.29%
5 years -34.52%
2 years -22.54%
1 year -8.33%.
Whilst being the first to admit that I would have done slightly better to have kept my MVN purchase money under the mattress so far, it is all about the future and we will see if they can inspire us with their 9 months half year results in February.
Best Wishes
Paper Tiger
Always looking to top up at 1.10....been a while since its this low. At 1.12 returning 6.25% plus imputation credits roughly 8.75 % gross for me currently. Gradually reducing dividend over the years but has been quite reliable. So not all gloom and doom.
HY results are out: https://www.nzx.com/files/attachments/230669.pdf
While it is sort of difficult to be excited about Methven results (well, over the last 6 years or so) ... it is the first time in that many years that they managed to increase their revenue (and as well their earnings), and that they even managed to reduce debts by 10% or so. Nothing extraordinary (and revenue still ways behind the 130 million they had in 2010 - and want to achieve again in 2018), but at least are they so far at the upper end of this years guidance and predict that their year end will be as well at the upper end (which would end up in something like $105m). Still a long way to get back to $130m in 2018, but at least it looks like they managed to catch the corner ...
Discl: cautiously optimistic and (still) holding a small parcel.
Think market will re-rate when/if delivers sold next result has flattered too often in past, I'm happy holder