What a mess this sector is in, which is a shame as with kiwibuild kicking in, and a certain degree of protectionism and a weaker dollar(?), MPG is well positioned to make a tidy profit.
What we really need is more greenhouses... OMG, labour’s kiwibuild and the greens, green houses! Goes well with hydroponics, which will be a growth industry after the referendum. Time to double down!
They have already confirmed guidance for the first half so if there's a downgrade it will be for the 2nd half. I wouldn't be that surprised if there was a disappointing 2nd half. It's FY19 I'm more interested in and they'll really be no excuses for poor performance then. They're getting one last chance from me
They have already confirmed guidance for the first half so if there's a downgrade it will be for the 2nd half. I wouldn't be that surprised if there was a disappointing 2nd half. It's FY19 I'm more interested in and they'll really be no excuses for poor performance then. They're getting one last chance from me
Metro go on about this 3 quarter lag between consents and their own activities
Sort of suggests F19 could see activity in NZ being less than F18 (in line with how consents are currently trending)
Maybe F20 might be their big year
nonetheless Metro still making heaps of money
Last edited by winner69; 27-10-2017 at 09:23 AM.
”When investors are euphoric, they are incapable of recognising euphoria itself “
Interestingly from a TA perspective despite all the talk they never broke through their 30 day MA in the last couple of weeks and as such are still in a confirmed downtrend.
Please to be out as I think this sector is riddled with issues including not the least of them being an undersupply of quality staff, (FBU's management included).
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Bookmarks