CAV - Cavalier Corp (Carpets)

[winner69]

PSE - all on track mate

So $3m-$5m which is much better than last years $1.1m profit

Wonder where all of PSE posts have gone. Somebody deleted themselves from ST?

[bull....]

recently joined cav register looking at a higher bottom forming combined with improving fundamentals

[golden city]

just got in on time today

[silverblizzard888]

And boom they are now the blue sky that we chase.
3 - 5million at PE of 10 = 30-50m mcap
3 - 5 million at PE of 15 = 45- 75m mcap
3 - 5 million at PE of 20 = 60 - 100m mcap

The average and sweet spot is likely to be around 60 million Market Cap

[bull....]

And boom they are now the blue sky that we chase.
3 - 5million at PE of 10 = 30-50m mcap
3 - 5 million at PE of 15 = 45- 75m mcap
3 - 5 million at PE of 20 = 60 - 100m mcap

The average and sweet spot is likely to be around 60 million Market Cap

im looking at 5m npat that they will achieve eps.07 pe 11-12 80c target close to your value

[golden city]

it is truely getting life back ..cav....share price looks to get back to their feet

[golden city]

next year should over 1 dollar

[blackcap]

I attended the AGM on Tuesday morning, and although thought Grant Biels speech was pathetic, was heartened to see the other directors with fresh ideas and a lot of enthusiasm. I hope they have got the right mix on board and that the appointment of the interim CEO confirmed as CEO is the correct decision. Interesting times ahead, and if momentum on the synthetics and abnormals become just that (abnormals) then there is potential for this company to initally trade on a PE of 10 again maybe which may indicate a share price of 60-70 cents if the profit targets are met. Quite a few ifs but I believe the current board are on the right track.

[Beagle]

And boom they are now the blue sky that we chase.
3 - 5million at PE of 10 = 30-50m mcap
3 - 5 million at PE of 15 = 45- 75m mcap
3 - 5 million at PE of 20 = 60 - 100m mcap

The average and sweet spot is likely to be around 60 million Market Cap

Mid point is $4m and you have to take that with a grain of salt given recent performance, gives 5.8 cps. PE... well three things spring to mind.
1. This is a cyclical stock, when the building boom is going off like it has been for some time, they should be doing well if they can get their act together and in other times they won't even when they have their management governance and stock control sorted. Cyclical stocks generally trade on a PE of 10 in my view unless there are special factors.
2. Their extremely chequered track record. Put simply, this company surely deserves to be at a discount to any PE that would otherwise apply given recent year's performance.
Even being kind and applying a PE of 9 to 5.8 cps = 52 cps.
3. Are they paying the normal tax rate on that $4m ? (If not), earnings metrics will need to be recalculated at some stage in the future and normalised for company tax at 28%.

[blackcap]

Mid point is $4m and you have to take that with a grain of salt given recent performance, gives 5.8 cps. PE... well three things spring to mind.
1. This is a cyclical stock, when the building boom is going off like it has been for some time, they should be doing well if they can get their act together and in other times they won't even when they have their management governance and stock control sorted. Cyclical stocks generally trade on a PE of 10 in my view unless there are special factors.
2. Their extremely chequered track record. Put simply, this company absolutely deserves to be at a considerable discount to any PE that would otherwise apply given recent year's performance.
Even being kind and applying a PE of 9 to 5.8 cps = 52 cps.
3. Are they paying the normal tax rate on that $4m ? (If not), earnings metrics will need to be recalculated at some stage in the future and normalised for company tax at 28%.

I could balance that out a bit with my previous post and say the checquered history MAY be gone with the new board they have chosen who MAY come out with new initiatives. I think the old board just got too lazy and comfortable and a lot of FAT started slipping in.
Totally agree with you about the PE of 10 though. If not more. So current share price is about right.

For those that are interested, asked 2 of the new directors and they were dead keen to purchase stock, but with updates and announcements had not had the opportunity under listing rules to date. Lets hope they do when the time comes that they are allowed to.