MVN Methven

[winner69]

This years earnings looking good Up 15% to 25% on last years. Good

Going to increase sales from $96m now to $130m in 2018, and target 10% profit margin.

Pretty good eh

[winner69]

NPAT targeted to go from $5.7m to $13m in 3 years time .....thats some growth

Current PE of 14 not quite 'value' but heck 30%pa anticipated growth is tempting

Umm

[percy]

Astonishing.!!!!!
Yet I am left feeling as though I have just had a cold shower.!
Pity the revenue has stayed the same while the debt has gone up.

[BlackPeter]

This years earnings looking good Up 15% to 25% on last years. Good

Going to increase sales from $96m now to $130m in 2018, and target 10% profit margin.

Pretty good eh

Yes and no - depends whether they manage to turn talk into reality ...

Just looked into my wee database ... MVN used to have $130 m revenue back in 2010. If (and I think this is still a big IF) they manage to claw back all those revenue drops since then ... than MVN will have in 2018 a 8 yr CAGR of ZERO percent (vs a negative 6% at current back to 2010). A true growth company.

But hey ... I shouldn't be too cynical - I am holding myself (the divvie is not too bad, and it never felt like a good time to sell). Nice that they at least try to change the trend.

[winner69]

Hey Percy .... I see we are in the 'Silver Society" now

[percy]

Hey Percy .... I see we are in the 'Silver Society" now

If it was before page 14 I missed it.
I gave up at page 14.
Please give me the page number because I just can't bring myself to read the drivel again.
74 pages.Must be for the true believers.I am of very little to no faith,!!

[winner69]

NPAT targeted to go from $5.7m to $13m in 3 years time .....thats some growth

Current PE of 14 not quite 'value' but heck 30%pa anticipated growth is tempting

Umm

Sure was an impressive presentation and look at those numbers - $13m in 2018

What can one make out of it - maybe lots

Lets assume 5 outcomes -

1.- it all goes to plan and that $13m happens
2.- above but the market is in raptures and rerates Methven, ie a higher PE
3.- sort of goes to plan but they only get half way there
4.- its all pretty pictures and nice words and Methven struggle on as usual
5.- another GFC hits and it all turns to custard

Possible outcomes in graphic. Shows Total Shareholder Return over the 3 years and I have assigned some odds to each scenario

Could get a return of 42% pa over 3 years or lose 6% over the three years. But based on the odds I have assigned to each scenario an expected return of 20%pa

Bloody good eh

But then some of you might assign 90% to scenario 4 which ruins the story

Hmmm - have I been seduced

[winner69]

If it was before page 14 I missed it.
I gave up at page 14.
Please give me the page number because I just can't bring myself to read the drivel again.
74 pages.Must be for the true believers.I am of very little to no faith,!!

slide 37 mate

you should look at slides 38 to 40

slide 40 is something for us to look forward to percy ----- the bathroom is going to become the wellbeing room, the checking our blood pressure, glucose and body fat room.

[winner69]

percy - have a look at the spanking new HQ on page 55

you love posh offices for the head honchos eh

[winner69]

percy - slide 38 again

multi-generational and shared living going to the way of the future

told you the kids and grandkids would come to grandpa