CAV - Cavalier Corp (Carpets)

[nztx]

Not a holder but interested. Read the Establishment of a Long-Term Incentive Plan announcement today. Pretty disappointing. Price set based on 20 trading days prior to 1 Nov(not not at a premium, just that price circa 31 cents. Then they vest if Total shareholder return is 14% per annum from 1 Nov 20 to 1 May 23. Oh share price at the current time is enough to trigger grant. If I was a shareholder I wouldn't be that happy.

Agreed - Dassets

This pangs of here's a Bonus dished out with base price set on historic low levels

Very disappointing conduct seen from CAV's board to see them act this way !

Do they need the cash ?

What has CAV done so far to date ?

Maybe sell some real estate, slightly change course (probably well overdue too)
and make a few more positive fluffy plans accordingly (yet to be delivered on)

Is this sort of incentive warranted ?

How much shareholder value has CAV managed to destroy in past few years up to recent ?

CAV should be making the same offer to all their shareholders IMO

Let's put it this way - the late Tony Timpson would probably not be very impressed!

Let's see what the market makes of this ..

Currently not a holder, but have been.

[Waltzing]

havnt read all the details of taken much notice but after returning from europe found the gold woollen carpet had suffered a few set backs...

look like cav is not going to the carpet barn in the sky after all.

[nztx]

Preliminary Interim 31 Dec 2020 HY:

https://www.nzx.com/announcements/368189

Cashed up with Loot in the Bank out of quitting the Bricks & Mortar -- now aspiring to go

Let's wait & see how these guys go with trying make the woolly fly again ..

[Waltzing]

" woolly fly again "

a woolly kite fly again... never seen a woolly kite flying...

[bull....]

what i find amazing is the 26 million in cash they got and they cant even find it in there hearts to pay a 1c div at cost of 700k to suffering s/h

[Waltzing]

must be still redesigning the Kite...

i once sent the design team back to redesign the kite. The first kite was a total hit and so the design team though yes we have a better kite..

in theory it was but it flew like a 777 with an engine on fire..

eventually after 2 years of redesign and much pain the new kite emerged and the design team thanked me for being a total you know what...

to get the plane flying again sometimes takes a determined approach across scorched earth..

[bull....]

wonder if the old dogs will use social media to spread the rebrand or will it be old fashioned expensive tv ad's? anyway the cash in bank equates to 37cps at the moment

[Waltzing]

better off to get to those front line sales people who have the knowledge

ive spoken to some and they still like and talk of the old woollen product with praise.

[nztx]

what i find amazing is the 26 million in cash they got and they cant even find it in there hearts to pay a 1c div at cost of 700k to suffering s/h

Agree - but just look at the past chapters of classic c**k up's on the report card to get an indication
of what those around the Board Table have been responsible for over the years ..

With some outfits (not necessarily this one) it's not difficult to imagine that they would
even manage to screw up a simple Pay Dividend job with no extra help needed to achieve that ..


The jury remain out of whether CAV's Board have it in them to make the new woolly initiatives & directives
work or whether it will be another disaster to add to the already good number of similar over the years on
the card - where a once very proud perfectly good company has been transformed into a trainwreck
owning a bit of real estate and a Board for the main slept through how to rescue things at the pertinent times ..

[bull....]

think i write to the ceo asking why they are so tight on paying a div