CAV - Cavalier Corp (Carpets)

[bull....]

godfrey hirst appealing decision - not a surprise as these aussies will do anything for there own benefit - they took feltex they were hoping cavalier would go bust.
lets hope they fail and the whats better for nz wins the day and not some greedy godfrey hirst

[Jinx]

https://www.nzx.com/files/attachments/238187.pdf

Another profit upgrade. Seems the new management and company consolidation is going well.

[blackcap]

https://www.nzx.com/files/attachments/238187.pdf

Another profit upgrade. Seems the new management and company consolidation is going well.

80 cents plus here we come... the turnaround continues...

That is very promising and if this "turnaround" can continue there is no reason that CAV cannot get to 7-10 million profits again in a year or two.
Nice to see the CEO also being able to "run" the company after doing the hard slash and burn work earlier on when required.
Still waiting for the board to buy some stock though.....

[vin]

At least theres a bit of green in this doom and gloom!

[bull....]

80 cents plus here we come... the turnaround continues...

That is very promising and if this "turnaround" can continue there is no reason that CAV cannot get to 7-10 million profits again in a year or two.
Nice to see the CEO also being able to "run" the company after doing the hard slash and burn work earlier on when required.
Still waiting for the board to buy some stock though.....

2016 - 2017 10m I reckon is achievable like ya say blackcap would make it very cheap at current prices if achieved about a 5 pe by my assumption

[macduffy]

Any known reason for today's 8% SP rise?

[bull....]

big buyer wants in now? must be something up as they buying at market

[blackcap]

big buyer wants in now? must be something up as they buying at market

Yeah bit of a bugger, put an order in last night but obviously not filled. Oh well might have to pay up for something that I think is still undervalued.

[Balance]

$6m NPAT and eps of 8.7c = Trading on historical PER of 8.7 times.

As a recovery stock, should be trading a higher PER but market wary and probably rightly so.

Next major step up in sp likely however when Cavalier starts paying dividends again.

Yield will be very yummy.

[Balance]

Happy to keep putting a few away every time the traders get nervous and the sp falls down to 70c.