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Thread: Cavalier -- cav

  1. #1121
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    Quote Originally Posted by flyinglizard View Post
    The cash/share is $0.3713 now (25.5m/68.68m). Just today's closing sp. I saw the momentum of purchasing Made in NZ products recently, after talking to three carpet suppliers last week. Hope CAV will win the tenders of some government projects. If this momentum continues, then CAV will generate positive cash flow and NPAT F21.
    take a little of for restructuring etc . they should be able to pay a big chunk of these costs from cashflow for the immediate future as there pick up plenty of cash flow from selling remaining synthetics also building activity is huge so sales should be strong
    bull
    One step ahead of the herd

  2. #1122
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    bullish price action on the daily and weekly charts , matter of time before i reckon before 40c is taken out then 60c is next resistance area
    bull
    One step ahead of the herd

  3. #1123
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    ready for re enter the market ... we remember the losses... one of our few losses ever...

    another shambles was suggested last evening over gin and tonic... Smith City..from holders of no less than MFT...
    Last edited by Waltzingironmansinlgescul; 19-11-2020 at 01:52 PM.

  4. #1124
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    https://www.nzx.com/announcements/363635

    The auditors report makes for pretty grim reading regarding future cash flows and performance. It sounds like the property sale is needed to fund operating cash flows. Also, the P&L shows they cannot make a profit from selling carpet given the asset impairments in the last 2 years are less than the reported losses. I'm not seeing any reason to invest but happy to be proved wrong if anyone else has anything to add.

  5. #1125
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    Quote Originally Posted by Ferg View Post
    https://www.nzx.com/announcements/363635

    The auditors report makes for pretty grim reading regarding future cash flows and performance. It sounds like the property sale is needed to fund operating cash flows. Also, the P&L shows they cannot make a profit from selling carpet given the asset impairments in the last 2 years are less than the reported losses. I'm not seeing any reason to invest but happy to be proved wrong if anyone else has anything to add.
    Yes - agree

    I look it this way - this the almost final run for CAV having liquidated bulk bricks & mortar to even get into a position
    to be able to pursue the opportunity & put profitable runs on the board.

    I guess the Bank of "Loyal Shareholder's Deep Pockets" is available still as another option if things dont work out
    for latest initiatives. But if it doesn't pan out, stakeholders are going to be fairly disappointed

    All up recent performances and CAV's long downwards spiral has in process destroyed much shareholder wealth & gutted a
    once very proud & profitable NZ Manufacturer, as it was during the days of Tony Timpson.

    CAV's Board indeed appear to have a good deal to answer for what has been seen over the subsequent years.
    Last edited by nztx; 20-11-2020 at 09:30 PM. Reason: add more
    ... the fine art of sniffing out debits & credits hidden under the carpet can pay dividends ...

  6. #1126
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    "I'm not seeing any reason to invest "

    not yet ... another year to go at the very least.. share price ahead of itself... was a good trade on the news and now a strong sell..

    the product itself seems to still have a good reputation at the local tile and flooring retail outlets.
    Last edited by Waltzingironmansinlgescul; 21-11-2020 at 07:22 AM.

  7. #1127
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    Quote Originally Posted by Ferg View Post
    https://www.nzx.com/announcements/363635

    The auditors report makes for pretty grim reading regarding future cash flows and performance. It sounds like the property sale is needed to fund operating cash flows. Also, the P&L shows they cannot make a profit from selling carpet given the asset impairments in the last 2 years are less than the reported losses. I'm not seeing any reason to invest but happy to be proved wrong if anyone else has anything to add.
    Maybe you weren’t meant to see all that bit

    https://www.nzx.com/announcements/363665
    “What the wise man does in the beginning, the fool does in the end”

  8. #1128
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    Maybe it is this bit:
    The Group is also exploring opportunities to raise equity funding. At the date of issuing this opinion no equity funding had been obtained by the Group.

  9. #1129
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    also you lot missed that they have 17m of synthetics to sell thru yet. so 25m from property sale + 17m? of synthetic carpet inventory sales so maybe 42m cash less restructuring costs by mid next year ?
    also the cashflow should be read on the basis of trading going forward not the historical accounts in the annual report

    . i agree its a spec buy only at this stage
    bull
    One step ahead of the herd

  10. #1130
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    Have to wait a few months to see the half year report of F21. CAV has to approve its business strategy to be successful.

  11. #1131
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    Family member In the sector told me that cavaliers pricing is too high and that their wool business will only target a select few customers with money to burn. Their opinion is that the company is going down the drainpipe

  12. #1132
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    Quote Originally Posted by winner69 View Post
    Maybe you weren’t meant to see all that bit

    https://www.nzx.com/announcements/363665
    Very true. I don't for a minute believe they re-read the report after my post...but hey dreams are free! I was thinking at the time the auditors need to stay in their lane given some of their statements were forward looking.

    Quote Originally Posted by KJMLimited View Post
    Maybe it is this bit:
    The Group is also exploring opportunities to raise equity funding. At the date of issuing this opinion no equity funding had been obtained by the Group.
    I just checked and that was removed from the new version. I can't see any other changes in the auditors report. Nice spotting.

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