CAV - Cavalier Corp (Carpets)

[winner69]

Whilst it is theoretically possible to dismiss the "slings and arrows of outrageous fortune", surely one can not forget the circumstances that lead to the plight of the Merchant of Venice, Antonio?

Best Wishes
Paper Tiger

Omen bet from above

ANTONIO - Race 8 Otaki today (not the Melbourne Cup)

[Subway]

I just do not see a future for a NZ wool carpet manufacturer.
A no growth business, in a difficult highly competitive sector.
I much prefer sectors with strong tail winds,such as tourism, retirement, medical,car sales, finance/banking,and natural nutritonal products.

I don’t disagree, however, CAV has diversified into synthetic carpets as well. I think there will always be a market for high end wool carpets, but they haven’t picked just one horse either.

[bull....]

bad announcement

[bull....]

problems with manufacturing consolidation, will there be any benefits then in 18?

[percy]

problems with manufacturing consolidation, will there be any benefits then in 18?

Yeah,right.!!

[vin]

Shock to the system!

[Beagle]

WOW - At the time of annual report on 29 September they said the outlook for FY17 was positive. On the back of a normalised $6.3m in net profit in FY16 investors could be forgiven for interpreting those positive outlook comments as being implied guidance of $7-8M for FY17 BUT at the mid point of their new forecast they're only talking $4.0m. What a shocking flip-flop in less than 6 weeks !

New guidance represents 5.8 cps. Clear break down through the 100 day MA.

Management keen to point out how strategic repositioning and development sets them up for growth in future years but we've heard that song a few times already, where's the results ?

Disc, don't own and not looking to buy either.

[winner69]

Are we surprised ....not really

'Normalised' npat could be as low as $3m - half of FY16

Wonder how much these 'additional one off costs' are? No doubt will affect cash flow

But believe in the 'long term strategy' leading to 'significantly improved profits in the future' this is just a little hiccup on the way

My neutral outlook just turned negative - some company's just can't get it right.

[winner69]

WOW - At the time of annual report on 29 September they said the outlook for FY17 was positive. On the back of a normalised $6.3m net profit investors could be forgiven for interpreting that positive outlook as being $7-8M and at the mid point of their new forecast they're talking $4.0m. What a shocker ! I think they need to have a good long look at the headcount and other operating expenses and restructure.

Probably glad you took your profits on this a few months ago - saved you the anguish of going through downgrades

[Beagle]

Are we surprised ....not really

'Normalised' npat could be as low as $3m - half of FY16

Wonder how much these 'additional one off costs' are? No doubt will affect cash flow

But believe in the 'long term strategy' leading to 'significantly improved profits in the future' this is just a little hiccup on the way

My neutral outlook just turned negative - some company's just can't get it right.

Probably glad you took your profits on this a few months ago - saved you the anguish of going through downgrades

Agree 100% x 2