This years earnings looking good Up 15% to 25% on last years. Good
Going to increase sales from $96m now to $130m in 2018, and target 10% profit margin.
Pretty good eh
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This years earnings looking good Up 15% to 25% on last years. Good
Going to increase sales from $96m now to $130m in 2018, and target 10% profit margin.
Pretty good eh
NPAT targeted to go from $5.7m to $13m in 3 years time .....thats some growth
Current PE of 14 not quite 'value' but heck 30%pa anticipated growth is tempting
Umm
Astonishing.!!!!!
Yet I am left feeling as though I have just had a cold shower.!
Pity the revenue has stayed the same while the debt has gone up.
Yes and no - depends whether they manage to turn talk into reality ...
Just looked into my wee database ... MVN used to have $130 m revenue back in 2010. If (and I think this is still a big IF) they manage to claw back all those revenue drops since then ... than MVN will have in 2018 a 8 yr CAGR of ZERO percent (vs a negative 6% at current back to 2010). A true growth company.
But hey ... I shouldn't be too cynical - I am holding myself (the divvie is not too bad, and it never felt like a good time to sell). Nice that they at least try to change the trend.
Hey Percy .... I see we are in the 'Silver Society" now
Sure was an impressive presentation and look at those numbers - $13m in 2018
What can one make out of it - maybe lots
Lets assume 5 outcomes -
1.- it all goes to plan and that $13m happens
2.- above but the market is in raptures and rerates Methven, ie a higher PE
3.- sort of goes to plan but they only get half way there
4.- its all pretty pictures and nice words and Methven struggle on as usual
5.- another GFC hits and it all turns to custard
Possible outcomes in graphic. Shows Total Shareholder Return over the 3 years and I have assigned some odds to each scenario
Could get a return of 42% pa over 3 years or lose 6% over the three years. But based on the odds I have assigned to each scenario an expected return of 20%pa
Bloody good eh
But then some of you might assign 90% to scenario 4 which ruins the story
Hmmm - have I been seduced
percy - have a look at the spanking new HQ on page 55
you love posh offices for the head honchos eh
percy - slide 38 again
multi-generational and shared living going to the way of the future
told you the kids and grandkids would come to grandpa
Thanks for the correct pages to read/look at........
I think I was right to stop at page 14..
Communal Living may be rather nice in Hamburg,but is humbug in ChCh.
Our lot would want their own bathrooms, and an out house for me at the bottom of the garden.!
Hells bells it was hard enough to get them to leave home in the first place!!!!
Didn't MVN market satinjet in America ??????
http://www.marketwatch.com/story/wat...ter-2015-08-13
Could get interesting if Nebia and MVN use the same process and MVN have a US patent