CAV - Cavalier Corp (Carpets)

[nztx]

Not sure I like the outlook for the company in this economy, they had their chance in a booming economy and property market, now its downhill...

with you there too ..

[na2m1]

https://i.stuff.co.nz/business/13110...uckland-floods Bremworth said their business was hectic. Hopefully that means more demand is coming up for their carpets.

[nztx]

My goodness - today's BRW (Bremworth) announcement looks like a hectic shambles

https://www.nzherald.co.nz/business/...HYY7CIT3O55GE/

Bremworth first half loss narrows, profits dogged by litigation

and the financials:

http://nzx-prod-s7fsd7f98s.s3-websit...609/389852.pdf


Did the Loss actually narrow - or did someone miss something in haste to go to print/news by the Media ?


LOSS H1 31.12.22 ($778k)

SURPLUS H1 31.12.21 $1001K


Looks like the Competition are being a bit active and aggressive in "The Narrows" trying
to eat poor old BRW's marketing drives alive .. cant like what they are seeing

Wonder what has improved when financials suggest things have dipped down through the hole
in floor on comparative Half Years against the year previously

Not a word of the actual bottom line Loss in the Preliminary Announcement here that I can see:

https://www.nzx.com/announcements/407609

Word on the Battle with Godfrey, Awatoto etc anything but what the P&L bottomline
trend looked like .. must have badly wanted to not report bottomline Profit Reversal into LOSS

How long will BRW continue losing money as it continues in the scrap with the Competition
which must be draining Cash and Management attention away from the ball and goal
posts at the other end ?

The sale of real estate gave BRW a window to redeem themselves to earlier glory.
Will they make something of it or maybe not ?

Be plenty of market opportunity out there in time to come with damage repair, new builds etc, assuming the waving of pokers at the Competition and back again doesn't distract the job overly and Management can actually get things back on track in the right direction

[sb9]

Once a dog will always be a dog (not intended to hurt beloved pet by name usage)

Don’t think even the ex Icebreaker top guy can save this one..