What accounts are these, winner ?
Have I missed something recently, other than CAV's SP trend is looking positive and at a six month high?
Cheers
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With the company renowned for not saying much publicly one will have to wait until late August
And so it turned out to be ..... that post was a month ago and the shareprice was about 200 and now 260 ..... 25% increase leading up to the announcement so obviously punters had caught on somehow
Sound pretty positive as well so maybe quite a lot more upside in the shareprice
Good call, winner.
CAV is one of my longest held NZ stocks and has been a pretty good performer and a great income stock.
Result was close to forecast, they're doing well in a tough market.
:cool:
Can anyone explain this meteoric rise? To me it seems irrational, yes they will need some more carpets in Canterbury but surely its not only that?
It certainly has been a meteoric rise!
But perhaps it's just that the market has rediscovered a well run business that has delivered consistently good profits and high dividends for longer than most can remember.
As an income investment, CAV sure beats those dodgy finance company debentures!
Disc: The longest Hold in my portfolio.
Posted by macduffy:
"The longest hold in my portfolio"
Me too, macduffy. Since 1996. I was still buying more in 2001-02, when the price was over $6 (just before a 2:1 split). But I wish I hadn't taken advice to diversify into fixed interest, back when the likes of St Laurence and Strategic were being recommended by the so-called experts.
Hi, Lawso.
I should qualify my statement.
The equal longest Hold in my portfolio.
I bought CAV in 1995, along with STU (still held), Dominion Breweries and Skellerup. The latter two long since gone.
CAV has proven to be a classic stock to hold for income and to buy in the dips. STU would have performed better for me had I treated it as the cyclical that it is, but we live and (hopefully) learn.
that still doesnt explain this sudden interest though.... Or is Efficient Markets just not working properly atm?
I've never been overly impressed by the Efficient Market theory.
Markets - and individual stocks - have always been subject to large dollops of sentiment, enthusiasm, depression and mood swings which tend to throw "Efficiency" out of the window on occasions. At least, that's been my experience these last 40 odd years!
Perhaps CAV is just back in fashion?
Cheers... I quite like your theory, I really do. Well im not complaing as I hold a few. Definately some South Canterbury money coming in the next few days to keep the market propped up. Cav has been a great little company, divs are good, imputed and happy to hold :)