MVN Methven

[POSSUM THE CAT]

GV1 left Brisbane in mid 2006 at that time Methven tap ware was only considered suitable for Budget Housing it is an entirely different Market there. this may help you to understand the different markets

[gv1]

GV1 left Brisbane in mid 2006 at that time Methven tap ware was only considered suitable for Budget Housing it is an entirely different Market there. this may help you to understand the different markets

Sorry didn't understand this one.

When we build our house, our plumber insisted on Methven products, which we thought were pricey. Have seen close friends and family putting entirely different products, all tapware falling apart in few years. Ours still going strong after 10yrs. Have few little ones giving a hard time on those products, still solid and in one piece. One place maybe Methven should look at is having that relationship with the plumbers.

[POSSUM THE CAT]

GV1 When we were in Brisbane January 1998 to July 2006 the only houses we saw (and we saw a lot as part of our occupation) with Methven tap ware were the ultra low budget ones. It was a totally different market in Brisbane to here.

[gv1]

k.

Thanks PTC

[winner69]

Just on these guys. They are a good company, however will eventually become chicken feed to China manufacturing at some point in time. They haven't done too much wrong (maybe 1-2 bad decisions overseas), just the mat has been pulled out from under them as this kind of business simply can't survive in a game where the playing field (manufacturing economics in NZ v China) is this skewed.

It's a shame because it is a top notch product (Kiwi bias), they will remain sustainable but not a big growth engine they once aspired to. Chch and Auckland house building will help them in the short term.

I agree buns - they are a good company ...good products .....good amount of innovation ....and solid profits.

What's got them into trouble (perceived) is because as they are listed they need to meet the demands of the 'market' .....maybe only one or two instos .....they say GROW GROW GROW and if you don't you are a failure. So we make all these promises and are forced to make all these silly acquisitions so we can grow,
.
Heck - if they were a private company and just carried on doing what they did well they would stil be generating the returns that Birman shares in and the owners would be happy as larry and getting richer every year.

MVN are only a failure cause they were forced to set unrealistic expectations and didn't met them ...that's failure these days

But sadly they have been performing solidly and making decent money ...just not enough for some greedy shareholders .....most who wouldn't even know what mvn do ...they are more than a line on a chart

Yes one day prob the world will produce things so cheap mvn will suffer but that's another story

[golden city]

profit forecast looks solid

[gv1]

profit forecast looks solid

Yeah one stock looking cheap in NZX. One to look out for..

[percy]

Go very carefully.
This company has a very checked history.
SP has been up and down like Whore's draws for years.
This time it's different?! Yeah right.!

[Under Surveillance]

Go very carefully.
This company has a very checked history.
SP has been up and down like Whore's draws for years.
This time it's different?! Yeah right.!

You're just miffed because that fella Fala didn't return your call.

[BIRMANBOY]

This is a solid performer...look at its dividend history. I wouldn't be buying it at its high price now but owning it at 1.11 has been very well rewarded. Its purchase of previous Chinese partners factory will secure its viability for a while and buying some shower products recently I was given a good selection of price points and qualities to choose from.
http://www.dividendyield.co.nz/viewdetails.php?id=67

Go very carefully.
This company has a very checked history.
SP has been up and down like Whore's draws for years.
This time it's different?! Yeah right.!