Bremworth BRW

**Ferg** · 09-03-2023, 05:19 PM

You have a good memory! As you know per the fine print of the sellers/manufacturers, you have to shift every piece of furniture in every room on a frequent basis and vacuum etc under that. By their own admission, the treatment does not stop the fibres from disappearing - in other words, their pre-treatment does not work.

Edit and update of my own anecdote. Separate renovation on another part of the property with synthetic carpet - zero issues. Ongoing treatment and vacuuming etc with infected areas has made zero difference - in some cases the carpet is now threadbare.

**haewai** · 09-03-2023, 05:24 PM

Originally Posted by Snoopy

Isn't part of the sales decline because they have stopped selling synthetic carpets?

SNOOPY

Yes, since 2020, then Covid. And the sales decline before then was because they were attempting to compete on synthetic carpets.
I found little to worry about in their recent half year report. Well insured, sufficient cash and inventory, growing revenue and margin, and has there ever been a time when they weren't fighting Godfrey in court?

**nztx** · 10-03-2023, 02:56 AM

Link to the old CAV (Cavalier) thread -

https://www.sharetrader.co.nz/showth...rpets)/page120

**winner69** · 10-03-2023, 11:15 AM

If I had extended that sales chart by another six months the line would still be going down

First half sales down 3.2% v pcp

Hope second half better

**haewai** · 10-03-2023, 12:00 PM

Yes, group wise revenue was down, but sales of carpet and rugs were up - especially in Australia, and double digit growth in online sales - but sales of wool by the subsidiary were down, due to export market difficulties including in China. All disclosed in the report. Excuse the defensive tone though; I've held for several years and am patiently waiting for the strategy and CEO change to pay off.

**nztx** · 10-03-2023, 01:15 PM

SP down 55% on it's loftier heights in mid Sep 2021 .. so far

Not much love out there for a recapitalised outfit now striking headwinds every which way

Perhaps some of the realised gain should have been distributed back a while ago to keep
the Board firmly focussed aggressively on the road ahead, and not get too lazy with a cashed
up flush balance sheet to play with ?

Poor old Tony Timpson would be shaking his head from upstairs, looking down at what is going on

**winner69** · 24-03-2023, 12:10 PM

Jeez BRW share price down to 30 cents

Was 45 cents at last results update

Obviously market not like

**Ekrub** · 04-04-2023, 12:53 PM

The latest, from Greg Smith, at 2:40 into Radio NZ's midday business bulletin, April 4th. Good to see they're not idle while waiting for Gabrielle repairs.

https://www.rnz.co.nz/audio/player?audio_id=2018884591