"On an unadjusted basis, new housing consents were up 28 percent to 1,742 in April "
Surely with that much of a jump Cav have to be enjoying something!
"On an unadjusted basis, new housing consents were up 28 percent to 1,742 in April "
Surely with that much of a jump Cav have to be enjoying something!
I'm hanging out for an update from the company sooner...
"On an unadjusted basis, new housing consents were up 28 percent to 1,742 in April "
Surely with that much of a jump Cav have to be enjoying something!
For years CAV revenue trends followed NZ new housing activity (consent numbers) - even though they are an ANZ business.
That relationship broke down in a while ago
Since 2011 new residential consents have more than doubled - CAV sales gradually declining and still hovering around the $200m mark
Says a lot about the demand for CAV products (in particular wool carpet).
One would have to assume the carpet 'market' is significantly greater than 5 years ago (new housing and commercial activity in both Au and NZ) and obviously CAV have and continue to lose market share
But CAV continue to save their way into profitability
Last edited by winner69; 31-05-2016 at 02:52 PM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
For years CAV revenue trends followed NZ new housing activity (consent numbers) - even though they are an ANZ business.
That relationship broke down in a while ago
Since 2011 new residential consents have more than doubled - CAV sales gradually declining and still hovering around the $200m mark
Says a lot about the demand for CAV products (in particular wool carpet).
One would have to assume the carpet 'market' is significantly greater than 5 years ago (new housing and commercial activity in both Au and NZ) and obviously CAV have and continue to lose market share
But CAV continue to save their way into profitability
But they now produce synthetic carpets,so that could be a game changer for them.
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Originally Posted by bull....
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