CAV - Cavalier Corp (Carpets)

[nztx]

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

see winner69's post 1089 - still relevant ?

the stuff under foot doesn't sell itself .. or does it ?

I guess any outfit can freehold itself by selling the freehold it operates from, but
what's really changed to make CAV's flooring lines more sexy to the extent
that they have a runaway success & bulging pockets of profits in current times ?

Did someone in Marketing find a mysterious button under their seat labelled Lift Off ?

And will the suggested pattern of improvement be consistent ongoing trading ?

How long has this been happening or have the new fandangled plans to infinite corporate newfound
prosperity just come out of the box in past few months ?

[winner69]

Things never seem to go to plan at Cavalier

Probably only a small glitch

http://nzx-prod-s7fsd7f98s.s3-websit...836/334586.pdf

[bull....]

Things never seem to go to plan at Cavalier

Probably only a small glitch

http://nzx-prod-s7fsd7f98s.s3-websit...836/334586.pdf

least its not a life or death situation anymore for cav.

see the people supposed to be buying the property set up a vehicle soley for this purpose so i guess if they dont settle that vehicle will close.
least they have other interested parties in a hot property market

[sb9]

least its not a life or death situation anymore for cav.

see the people supposed to be buying the property set up a vehicle soley for this purpose so i guess if they dont settle that vehicle will close.
least they have other interested parties in a hot property market

Yep, shouldn't be that hard to sell property in NZ under current red hot environment, more so in Auckland.

[bull....]

Yep, shouldn't be that hard to sell property in NZ under current red hot environment, more so in Auckland.

exactly the fact they have next to no debt now and can finance the strategy from cashflows means when they do eventually sell the property they will have a huge cash pile

[winner69]

exactly the fact they have next to no debt now and can finance the strategy from cashflows means when they do eventually sell the property they will have a huge cash pile

Might get even more dish for property if need to sell again ...plus a bit from the defaulters

[bull....]

Might get even more dish for property if need to sell again ...plus a bit from the defaulters

possibly as for the defaulters they set there company up in dec 2019 so its probably a shell only so have to weigh the cost of litigation against potential reward i guess. also depends what undertakings the people signed in the purchase agreement.

[flyinglizard]

The current sales price of Auckland land is about $24m, outstanding of share is 68.68m. Means gain approximately $0.349 cash/share. The deal won't get through is a good thing anyway.

If CAV is able to sell the land for over $30m next year, then $0.44 cash /share. Current share price is $0.33. How do you think?

[haewai]

The current sales price of Auckland land is about $24m, outstanding of share is 68.68m. Means gain approximately $0.349 cash/share. The deal won't get through is a good thing anyway.

If CAV is able to sell the land for over $30m next year, then $0.44 cash /share. Current share price is $0.33. How do you think?

Am I missing something, but what does it matter if it is valued on the balance sheet as a fixed asset or as cash? Impact on assets / share is the same. Perhaps the current land valuation is too low. Is that what you're suggesting?

Leasing negatively impacts expenses and cash outflows, balanced against returns on the cash received.

[Southern Lad]

possibly as for the defaulters they set there company up in dec 2019 so its probably a shell only so have to weigh the cost of litigation against potential reward i guess. also depends what undertakings the people signed in the purchase agreement.

Do we know whether Kinleith Land & Infrastructure Limited paid the standard 10% deposit to Cavalier on the purchase contract becoming unconditional? If they did, there might be some upside to CAV. As CAV is likely to still have to pay the Bayley's commission on a sale that doesn't complete, they may be out of pocket if a meaningful deposit wasn't paid.