CAV - Cavalier Corp (Carpets)

[winner69]

Are they going to carpetulate?

No ..going to fight to the bitter end

The $1.9m is safe .....not much is it though

• Cavalier also notes that future cashflows are based on forecasts that are sensitive to changes in
volumes and margins and that compliance with obligations and future going concern are subject to
material uncertainty if those forecasts are not met.


http://nzx-prod-s7fsd7f98s.s3-websit...574/305904.pdf

[percy]

At a share price of 24.5 cents CAV's market cap is $16.8mil.
If the market is forward looking it certainly does not like what is sees.

[Balance]

At a share price of 24.5 cents CAV's market cap is $16.8mil.
If the market is forward looking it certainly does not like what is sees.

Gone from profit in first half to break even in second half. Not a great outlook.

And Cavalier has zero takeover appeal!

[Brain]

Trading at a PE of about 8 seems a bit optimistic to me for a company that has been struggling to reposition/reinvent itself for a number of years without success. Making a great product Bremworth with a great name with good market recognition but they just cannot seem to get it together. I remember when this was a great share to own - increasing profits good dividend stream and they always did what they said they would. Fortunately I sold mine years ago. From memory people used to say this was a bottom draw stock. It lends weight to the argument that there is no such thing as a bottom draw stock.

[macduffy]

My bottom drawer is full of such stocks but not CAV. After many years of lucrative divvies I saw the light and sold - rather late in the piece though, unfortunately.
In a nutshell, CAV was also too slow - the trend to synthetics was well established before they woke up.

[Sgt Pepper]

My bottom drawer is full of such stocks but not CAV. After many years of lucrative divvies I saw the light and sold - rather late in the piece though, unfortunately.
In a nutshell, CAV was also too slow - the trend to synthetics was well established before they woke up.

Have they reached a death spiral?

[macduffy]

Who knows? Perhaps they'll get a second wind but I won't be putting any money on it.

http://www.sharechat.co.nz/article/7...o-company.html

[glennj]

I have a paltry 10000 shares bought at $1.14 as a possible recovery stock and an excuse to follow the company. I'm down the tubes by $8000+
and am now treating this as a bottom draw stock and haven't had the confidence to buy more and average down. The wool carpet product is great but
recent management despite trying hard haven't delivered as much as I'd hoped. I want the new strategy to succeed. We've recently ordered new house carpet
and were impressed with the Cavalier range which we've ordered. Perhaps it is a bit pricey for most people? It would be a big loss if this company failed!

[Sgt Pepper]

Who knows? Perhaps they'll get a second wind but I won't be putting any money on it.

http://www.sharechat.co.nz/article/7...o-company.html

How sad
years back this was an iconic NZ company, profitable, and was favorite for retired investors with their great dividends, paid 3 times per year

[winner69]

Did meet guidance of normalised $1.9m ...that’s good

Auditors not too kind ...not convinced about the company’s forecasting ability so a bit to say about ‘going concern’

http://nzx-prod-s7fsd7f98s.s3-websit...825/306273.pdf