MVN Methven

[Omega]

Earnings announcement is overdue and share price dropping markedly - suggests annoucement is unfavourable and people with prior info?

[Anna Naum]

Earnings announcement is overdue and share price dropping markedly - suggests annoucement is unfavourable and people with prior info?

I believe that Macquarie released a research report recently highlighting that MVN's major UK account is up for renewal soon and MVN is not thought to be able to renew this supply agreement.

[PointyHat]

Methvens press office told me last week that MVN hope to release results 30th Nov

[Penfold]

I am trying to work out if his is a value buy now. Anyone else have any thoughts?

I would appreciate any input.

Disc. Holding MVN

[K1W1G0LD]

I emailed the Financial officer of Methven today regarding the sharp fall in their shareprice over the last few weeks . This is their reply (and I quote)


"The guidance that we provided at the July AGM has not changed and we are not aware of any material factor requiring notification to shareholders or the market.

We are aware that MacQuarie Securities released a research paper on Methven and believe that this has caused the market activity. I must stress that the views in this paper are MacQuarie's and not Methven".

they are due to report Monday 30th November, no reason was given for the delay . So it may be a case of reading between the lines here . Kiwigold

[Kryptor]

Performance Summary

- Methven Group outperforms half year guidance
- Net Debt down 47.4% from $35.0M to $18.3M, better than 30% forecast
reduction
- Underlying NPAT down 3.2% on prior corresponding period from $4.3M to $4.2M
(reported NPAT down 15.4% from $5.0M to $4.2M)
- EBITDA down 11.5% from $9.6M to $8.5M and Operating Revenue down 5.1% from
$71.8M to $68.1M
- Fully imputed interim dividend of 5.5 cps to be paid on 31 December 2009,
same as June 2009 final dividend and in line with guidance

[winner69]

I believe that Macquarie released a research report recently highlighting that MVN's major UK account is up for renewal soon and MVN is not thought to be able to renew this supply agreement.

Probably now wish that they weren't able to renew this supply agreement

Looks like Focus was on a slipepry slope back then anyway
http://www.guardian.co.uk/business/2...e-equity-firms

[rabcat]

What is up with this company? They put out there anual report and every thing looks good. There UK business is recovering. They announce to the market that they expect profits to increase dramatically yet there share price falls?
Surely this company has plenty of up side? i.e as world markets recover and Asia grows Methen will be in a good position to take advantage of that?

Or am I missing something? Does this company have good management? Are there some issues with the board?

Can any one shed light on this company for me?

[Penfold]

Been holding for about four years. In that time I have never worked out why the market ignores the great yield from a great company. If I was to have a stab at what the issue is, I would say the low volumes of shares traded makes it lumpy as hell, and the capital gains are slow and unpredictable. I have been thinking lately of picking up more if they fall back to the low $1.30's again.

[percy]

What is up with this company? They put out there anual report and every thing looks good. There UK business is recovering. They announce to the market that they expect profits to increase dramatically yet there share price falls?
Surely this company has plenty of up side? i.e as world markets recover and Asia grows Methen will be in a good position to take advantage of that?

Or am I missing something? Does this company have good management? Are there some issues with the board?

Can any one shed light on this company for me?

I was interested in investing in this company about 3 or 4 years ago.I had some questions I wanted to ask the CEO.Fella or something like that.Secretary said he would ring me back.Taking his time,as I still have not heard from him.Sort of put me off the company.I do not think they are as clever as they think they are.They are in a competitve market,should they come out with a good product,it will soon be copied and sold cheaper by an Asian competitor.A company on the road to no-where in my opinion.