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Thread: Cavalier -- cav

  1. #1021
    An Awesome Cool Cat winner69's Avatar
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    Still hope for CAV according to this story

    http://www.sharechat.co.nz/article/b...vidend-yethtml
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  2. #1022
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    Quote Originally Posted by winner69 View Post
    Still hope for CAV according to this story

    http://www.sharechat.co.nz/article/b...vidend-yethtml
    Hope dashed, downgrade issued this morning. What a saga.

  3. #1023
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    Quote Originally Posted by blackcap View Post
    Hope dashed, downgrade issued this morning. What a saga.
    Still not making any money

    In spite of what they say I doubt if things will ever change with Cavalier


    Given the soft market and current trading conditions, Cavalier expects a second half profit performance close to break even and is forecasting a FY19 normalised Net Profit After Tax1 around the $1.9 million reported at the half year. 1H19 result included a $0.6m contribution from the wool scouring business (FY18 $1.4m contribution). Cavalier’s interest in the wool scouring business was sold in September 2018 and provided no further contribution in 2H19.
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  4. #1024
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    Share price back below 40 cents

    Many got excited with the turnaround story a while ago when the share price went over 60 cents

    May never see that again
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  5. #1025
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    Out of curiosity I asked the owner of Flooring Xtra in Wellington if CAV is the most selling brand and he said yes. I know that for the whole market probably doesn't mean a lot.

  6. #1026
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    Quote Originally Posted by winner69 View Post
    Share price back below 40 cents

    Many got excited with the turnaround story a while ago when the share price went over 60 cents

    May never see that again
    I think there is still potential there to focus on the high end product and ride the wave of sustainable products. Having said that, I wasn’t prepared to wait and did quit my few this morning taking it below 40 cents again. Might see where they are at next year before investing again.
    “Better three hours too soon than a minute too late.”
    ― William Shakespeare

  7. #1027
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    I also saw/see them as a turnaround story. Last year’s annual report looked like a good start point for them BUT the big gap for me was that I couldn’t see any translation into sales (at that point) so I put them on my radar but not into my pocket. Unfortunately, that still seems to be the same with no major translation into sales...and that is one of my key buy requirements....good housekeeping with good tangible sales. I wonder how much global reach they have; surely a focus on Bremworth, ditching the cheap stuff, and having a really high end product in wealthy markets is doable....goodness, even in the Middle East carpets are necessary - they cart them around on trucks to cover the sand for events.....wool ones at that. A friend of mine purchased one for NZD8k (cost more than our small second car!). Never mind, my accumulated dividends are being redirected into my IFT allocation and I will stay watching....you never know.

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