CAV - Cavalier Corp (Carpets)

[percy]

I think Winston should buy cavalier to furnish the govt buildings

Oh no,don't encourage him.!!...lol.

[Bluemanarc]

I know a bit about Cavalier.
I would get out while you can.
Don't flog a dead horse.

[bull....]

I know a bit about Cavalier.
I would get out while you can.
Don't flog a dead horse.

tell us more , im really looking forward to there results expecting a cracker

[winner69]

Annual result in line with guidance - good

Bit embarassing to have to mention this is the brief release (esp when they also said the agreement with the bank had been renegioated and there was headroom) -

Based on the performance of the business in FY17, where forecasts were not met due to the issues discussed above, the risk of this happening again needs to be noted. If that was to occur Cavalier may not be able to meet its banking covenants. More detailed commentary is provided in note 2 of the financial statements under the heading “Going concern”.

[bull....]

looks bad - going concern even directors cast concerns on them achieving convenants bad......

funny they are looking at capital raising - bit late? should have done it when price was 80c would have been a very different report today

[winner69]

They say ' there are actions in place to reduce inventory holdings.'

I thought they said that last year .....and the year before that .....and the year before that .......

But being an iconic NZ company they'll be OK - even outlasted Sir Colin. RIP Colin - you were a great guy, and rugby player.

[Flugenbear]

Debt up, revenue down, being eaten alive by the competition in Oz, struggling to meet bankin convenants...
I was hoping for a light at the end of the tunnel for this iconic Kiwi company, but even the overly optimistic board are struggling to convince themselves she'll be right, mate.

[Beagle]

I know a bit about Cavalier.
I would get out while you can.
Don't flog a dead horse.

Posted 9 August 2017.

Auditors tagged the accounts too. I reckon this poster might know a bit more than he's able to publicly annunciate and I for one think that's sound advice.
Directors were significantly more upbeat this time last year but look at the very poor result.
Now they're less optimistic it begs the question of how bad will next year's result be ?

[Matt_]

NTA well above the share price, could be some breakup value here?

[bull....]

NTA well above the share price, could be some breakup value here?

debt more than assets i reckon if sales slow any more thats it i reckon.