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  1. #31
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    I was playing around with some new ratios I found that I quite like. It comes from a book called The Little Book That Beats The Market. Well worth a read.

    As at yesterdays close

    Return on capital 27.5%

    Earnings yield 9.5%
    Last edited by h2so4; 24-09-2010 at 08:40 AM.
    h2

  2. #32
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    any thoughts on CAV as stock to hold, will do well from demand - CHCH erthquakes and flooding in aussie. Good dividend play

  3. #33
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    Yes, its been a good steady income stock for a long time now and short term prospects are looking good.

    Market seems to agree.

    I hold.

  4. #34
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    scamper's a holder as well.
    But with a div currently at 5.54% (directbroking site), am not sure that it's a great earner.
    However, carpets will need renewing all over the place soon.
    The chart is all good, but the eps of 19.3 doesn't seem completely terrific... cheers.

  5. #35
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    The 5.54% doesn't include imputation credits. Grossed up, it's about an 8% gross yield at current SP.

  6. #36
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    In a sea of red ink today it was good, if rather intriguing, to see CAV up a whole 21c!

    I can't find any announcement so it's either belated "earthquake" reaction or something is leaking in the good ship Cavalier.

    Any ideas?

  7. #37
    Speedy Az winner69's Avatar
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    Commerce Commission giving the go ahead for CAV to almost get a monopoly on the wool scouring market should help the share price even more

  8. #38
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    When was that announcement, winner?
    There seems to have been a sudden and largish drop over the last couple of days.
    And the sp sat around 360 for nearly a month.
    I am beginning to wonder if the supposed good times ahead are an illusion...
    Cheers.

  9. #39
    Speedy Az winner69's Avatar
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    Commerce Commision said so

    13 April 2011

    The Commerce Commission has reached a preliminary view that it should allow Cavalier Wool Holdings to acquire up to 100 per cent of New Zealand Wool Services International’s wool scouring assets and stock (and/or the shares in New Zealand Wool Services International).



    The Commission has today published its draft determination on Cavalier Wool Holding’s application under the Commerce Act for authorisation of the proposed acquisition.



    “Our preliminary view is that the proposed acquisition would substantially lessen competition in the North and South Island wool scouring markets. Cavalier Wool Holdings would essentially have a monopoly on the supply of wool scouring services post acquisition. However, at this preliminary stage, the Commission expects that there would be benefits to the public that would outweigh the loss of competition,” said Commerce Commission Chair Dr Mark Berry.



    “The Commission considers there is the potential for Cavalier Wool Holdings to raise prices after the acquisition because of the loss of the constraining influence of NZ Wool Services International. However, we expect that the level of the detriment resulting from the acquisition is likely to be limited by the ongoing, long-term competitive threat of the Chinese wool scouring industry and the potential for new entry into the New Zealand wool scouring industry,” said Dr Berry.



    “On the other hand, the Commission considers that there would be considerable benefits to the public arising from the rationalisation of the wool scouring industry that Cavalier Wool proposes to carry out. The rationalisation is likely to lead to lower production and administration costs, the freeing up of industrial sites, and lower ongoing capital expenditure requirements in the future.”



    The Commission is seeking submissions on its Draft Determination by 27 April 2011. Submissions will be posted on the Commission’s website. The Commission will hold a conference with interested parties on 4 and 5 May, and the final determination will be issued by 31 May 2011. You can find details of the conference on the Commission’s web site at:



    http://www.comcom.govt.nz/media-rele...ts-application

  10. #40
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    Well spotted!
    information like this should surely be up on share sites...
    meanwhile, another 1.1% has dropped off so far today.
    Maybe time to snatch a few more...

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