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Thread: Cavalier -- cav

  1. #16
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    Quote Originally Posted by winner69 View Post
    From all accounts all on track to deliver a pretty repsectable result in tough times for comapnies like these

    Hopefully debt will have come down .... they had enough stock when last reporting to last many months


    Shareprice back close to 200 .... wouldn;t surprise to see closer to 250 in a month or so post positive comments in the announcement
    What accounts are these, winner ?

    Have I missed something recently, other than CAV's SP trend is looking positive and at a six month high?

    Cheers

  2. #17
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    Quote Originally Posted by macduffy View Post
    What accounts are these, winner ?

    Have I missed something recently, other than CAV's SP trend is looking positive and at a six month high?

    Cheers

    Just word on the street as they say ....

    ....volumes stuff all but some keen buyers this week

  3. #18
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    With the company renowned for not saying much publicly one will have to wait until late August

  4. #19
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    Quote Originally Posted by winner69 View Post
    From all accounts all on track to deliver a pretty repsectable result in tough times for comapnies like these

    Hopefully debt will have come down .... they had enough stock when last reporting to last many months


    Shareprice back close to 200 .... wouldn;t surprise to see closer to 250 in a month or so post positive comments in the announcement
    And so it turned out to be ..... that post was a month ago and the shareprice was about 200 and now 260 ..... 25% increase leading up to the announcement so obviously punters had caught on somehow

    Sound pretty positive as well so maybe quite a lot more upside in the shareprice

  5. #20
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    Good call, winner.

    CAV is one of my longest held NZ stocks and has been a pretty good performer and a great income stock.
    Result was close to forecast, they're doing well in a tough market.


  6. #21
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    Quote Originally Posted by belgarion View Post
    Seems Canterbury will need some new carpets ...
    And still they rise. Topped up at 2.39 back in May.

  7. #22
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    Can anyone explain this meteoric rise? To me it seems irrational, yes they will need some more carpets in Canterbury but surely its not only that?

  8. #23
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    It certainly has been a meteoric rise!

    But perhaps it's just that the market has rediscovered a well run business that has delivered consistently good profits and high dividends for longer than most can remember.

    As an income investment, CAV sure beats those dodgy finance company debentures!

    Disc: The longest Hold in my portfolio.

  9. #24
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    Posted by macduffy:
    "The longest hold in my portfolio"

    Me too, macduffy. Since 1996. I was still buying more in 2001-02, when the price was over $6 (just before a 2:1 split). But I wish I hadn't taken advice to diversify into fixed interest, back when the likes of St Laurence and Strategic were being recommended by the so-called experts.

  10. #25
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    Hi, Lawso.

    I should qualify my statement.

    The equal longest Hold in my portfolio.

    I bought CAV in 1995, along with STU (still held), Dominion Breweries and Skellerup. The latter two long since gone.

    CAV has proven to be a classic stock to hold for income and to buy in the dips. STU would have performed better for me had I treated it as the cyclical that it is, but we live and (hopefully) learn.

  11. #26
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    that still doesnt explain this sudden interest though.... Or is Efficient Markets just not working properly atm?

  12. #27
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    Quote Originally Posted by blackcap View Post
    that still doesnt explain this sudden interest though.... Or is Efficient Markets just not working properly atm?
    What about the South Canterbury Finance money going into the NZX market, for dividend paying stocks?

    The earthquake in Canterbury will certainly help CAV over the next year
    Disc holding - AZY, ENR, GAL, LEG, PRX, SES

  13. #28
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    I've never been overly impressed by the Efficient Market theory.

    Markets - and individual stocks - have always been subject to large dollops of sentiment, enthusiasm, depression and mood swings which tend to throw "Efficiency" out of the window on occasions. At least, that's been my experience these last 40 odd years!

    Perhaps CAV is just back in fashion?

  14. #29
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    Quote Originally Posted by blackcap View Post
    that still doesnt explain this sudden interest though.... Or is Efficient Markets just not working properly atm?
    Who knows and who cares why? Maybe some investors have just gone nuts.
    h2

  15. #30
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    Quote Originally Posted by h2so4 View Post
    Who knows and who cares why? Maybe some investors have just gone nuts.
    Cheers... I quite like your theory, I really do. Well im not complaing as I hold a few. Definately some South Canterbury money coming in the next few days to keep the market propped up. Cav has been a great little company, divs are good, imputed and happy to hold

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