CAV - Cavalier Corp (Carpets)

[winner69]

Looks like last weeks announcement not enough to excite the market

Heading back into the 20’s

[nztx]

Looks like last weeks announcement not enough to excite the market

Heading back into the 20’s

Natural woolly floor coverings cant be as sexy as CAV were hoping for .. perhaps the punters are having
more fun playing with NZM & PPH to be bothered watching the next CAV chapter being spun out

[sb9]

Things looking well for Cavalier...

https://www.nzx.com/announcements/362614

New Bremworth brand identity leads Cavalier’s transformational strategy towards sustainable, interior solutions business.
• Exit from synthetic carpet market well-advanced.
• Q1 results up on previous year.
• Sales revenues for first quarter of FY21 have continued to be stronger than anticipated when the Company first came out of COVID-19 Level 4 lockdown in April.
• Further reduction in net debt to $1.4m as at end of October 2020, putting the Company in a strong position from which to execute the transformation.
• Sale and leaseback of the Auckland property, with the net proceeds to be invested in supporting the new strategy, remains underway.

[bull....]

Things looking well for Cavalier...

https://www.nzx.com/announcements/362614

New Bremworth brand identity leads Cavalier’s transformational strategy towards sustainable, interior solutions business.
• Exit from synthetic carpet market well-advanced.
• Q1 results up on previous year.
• Sales revenues for first quarter of FY21 have continued to be stronger than anticipated when the Company first came out of COVID-19 Level 4 lockdown in April.
• Further reduction in net debt to $1.4m as at end of October 2020, putting the Company in a strong position from which to execute the transformation.
• Sale and leaseback of the Auckland property, with the net proceeds to be invested in supporting the new strategy, remains underway.

yep i reckon there have tons of excess cash this time year if sales keep up

[nztx]

yep i reckon there have tons of excess cash this time year if sales keep up

New Carpet & Renno for Christmas, instead of Offshore Holiday - or too late for 2020 ?

[MauroNZ]

11.9% jump today, seems the market liked the announcement.

[nztx]

11.9% jump today, seems the market liked the announcement.

Any guesses on when CAV will be proudly back over the buck ?

[bull....]

Any guesses on when CAV will be proudly back over the buck ?

when the govt starts installing wool carpets in all govt owned buildings. anyway i see there cash pile growing strongly and will wait with interest there next results to see if this is the case. surely a big dividend payout at some stage will occur if this is the outcome

[sb9]

Any guesses on when CAV will be proudly back over the buck ?

Another couple of quarters of performance like this and we could be there in a hurry...

[Waltzing]

still some way to go but there is finally hope. We will continue to talk to the local flooring people to see if they are impressed. They still consider the product to be good quality.