CAV - Cavalier Corp (Carpets)

[haewai]

think i write to the ceo asking why they are so tight on paying a div

Jeez, they've only just turned a profit, and only really by selling some assets. Perhaps you should read their guidance first.

[Brain]

Jeez, they've only just turned a profit, and only really by selling some assets. Perhaps you should read their guidance first.

I am happy for them to be cautious and careful with that cash

[bull....]

Jeez, they've only just turned a profit, and only really by selling some assets. Perhaps you should read their guidance first.

my concern is that the company has not been run very well over the years and now that they have a big pile of cash they will waste it all on marketing etc.

if i was running the company i would sell the aus division and add to the 26m cash pile and focus just on NZ and give some cash to s/h so at least that get something in case you blow all the money on your transformation.

[nztx]

The Market seems to have caught the smell of CAV's loose loot.. or should that be loose change ?

Did the CAV bods scurry out & buy some flash new office cars to be sign written, new desks, puters and a new
hidey hole for the new recruit finance guy to hide in, around the time the property bucks hit the tin for
everyone to be onto it so fast .. ?

Admittedly they did seem to be out of luck first time round trying to offload the sticks & mortar to a party
who reportedly had curious past habits of leaving things unsettled ..

(Who knows the chappy CAV encountered might even be a good recruit for the Hobby Gold mining
outfit around those parts .. to join the board of pretenders & perpetual fund raisers, where even the snails
move at a quicker pace than any sort of productive human activity)

Someone had better tell the long suffering CAV punters that they're likely * out of luck this time round ..
and probably the next, and the next, especially if things get a bit hairy instead of fluffy woolly ..

If the Board co*k up again and manage to blow most of the trove, then the unfortunates might even have
to throw some further pennies in the tin too ..

[winner69]

CAV doing it’s best to temper your enthusiasm -

While it is still too early, and the operating environment remains uncertain, for the Directors to be providing shareholders with an earnings guidance for FY21, shareholders should note that earnings for the rest of this financial year will not track what the Group has achieved in 1H21.

This is partly due to the increased marketing spends in 2H21 as we invest in the transformation as outlined earlier. At the same time, volumes in 2H21 will be significantly down on 1H21, with the bulk of the synthetic carpet stock having already been sold in 1H21 and sale of woollen carpet in Australia likely continuing to be impacted by disruptions to the supply chain.

And

Then they mention something about 2025 for the good times

[haewai]

The Market seems to have caught the smell of CAV's loose loot.. or should that be loose change ?

Yeah, there's 38c per share in cash alone.

[winner69]

All the good vibes around CAV doesn't seem to be helping CAV share price

Slow sinking to that 30 cents level which seems to act as support

Not many companies can lay claim to a negative Enterprise Value

[bull....]

its a shame watching. the cash on hand gives the company a finite life going forward unless there turn around is a roaring success. but with wool inputs at record lows now and wool generally more expensive than synthetic's it be a hard sell to developers etc who just throw in the cheapest crap on new builds etc, so is it the rich end of town only really whos the market. if wool inputs go up it make wool carpet very expensive further limiting there market.
so you can value the company based on expenditure going forward. cash divided by expenditure on marketing etc should give you an approx life span of the company. the shares will devalue over time unless they perform a remarkable turn around. i dont see it from being a purely wool carpet seller , maybe they need to diversify into other home based stuff as well where wool becomes the up-sell?

they should have sold the aus division a year ago or earlier and wound the company up , returned money to s/h who may have got anywhere from 60 - 90c return i reckon and should have given s/h something last report before they embark on there last hope.

[nztx]

All the good vibes around CAV doesn't seem to be helping CAV share price

Slow sinking to that 30 cents level which seems to act as support

Not many companies can lay claim to a negative Enterprise Value

Dividend next month - you reckon ?

[sb9]

Dividend next month - you reckon ?

Might be, someone is happy to accumulate around the current 34c mark..