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Thread: Cavalier -- cav

  1. #1021
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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.

  2. #1022
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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”

  3. #1023
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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”

  4. #1024
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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.

  5. #1025
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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

  6. #1026
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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.

  7. #1027
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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
    Had a coffee with an old mate who knows a bit about the home/commercial design and specification markets. Said Cavalier being taken to the cleaners by the competition and even Bremworth not really favoured by those who specify floor coverings. He’s not surprised they continue to struggle.

    Jeez - had a look at share price ....that 26 cents must be all time low ...probably a reflection of where they heading to.
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  8. #1028
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    Must be due to report full year in next week or so

    Hope FY normalised profit more or about the $1.9m they said they were going to get

    And no doubt a pretty positive commentary about the future ....pop up shops, winning with the trade (yeah right, building relationships with specifier/influencers and global domination of real wool carpets.
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  9. #1029
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    Are they going to carpetulate?

  10. #1030
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    Quote Originally Posted by ratkin View Post
    Are they going to carpetulate?
    It took me a moment.....but that is hilarious. Thx.

  11. #1031
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    Quote Originally Posted by ratkin View Post
    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
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  12. #1032
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    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.
    Last edited by percy; 22-08-2019 at 11:52 AM.

  13. #1033
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    Quote Originally Posted by percy View Post
    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!

  14. #1034
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    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.

  15. #1035
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    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.

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