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03-09-2017, 04:39 PM
#761
Best summed up;
After all said and done, there was more said, than done.
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04-09-2017, 09:48 AM
#762
Superb response perc.... Aesop ??
Last edited by janner; 04-09-2017 at 09:51 AM.
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04-09-2017, 09:53 AM
#763
How many these days have even heard of him ?????
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04-09-2017, 10:03 AM
#764
Originally Posted by janner
How many these days have even heard of him ?????
Only the old ones ... and they are apparently not capable to grasp new technologies (but this is a different thread).
Ah well - sound like we two know about him, so maybe windows manufacturing is the right thread for us ... even the old Romans (fenestra) and the Germanic tribes (window - Windauge - "eye of the wind") knew already about them .
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
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04-09-2017, 10:10 AM
#765
Originally Posted by BlackPeter
Only the old ones ... and they are apparently not capable to grasp new technologies (but this is a different thread).
Ah well - sound like we two know about him, so maybe windows manufacturing is the right thread for us ... even the old Romans (fenestra) and the Germanic tribes (window - Windauge - "eye of the wind") knew already about them .
Windows... In at $1.35 Out at $1.38. Wisdom comes from age ... :-)))))))
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04-09-2017, 10:30 AM
#766
[QUOTE=janner;681976]Windows... In at $1.35 Out at $1.38. Wisdom comes from age ... :-))))))
Usually accompanied with less verbiage..
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04-09-2017, 11:28 AM
#767
About the same time Metro mentioned 'flat' Comvita said with a bit luck earnings next year might be about the same as 2 years prior
Metro share price down 20% since - Comvita share price up 25% since
Punters obviously have more faith in Comvita's forecast than Metro's forecast
Just shows you how Metro is regarded by the market - almost become a market pariah and that's nota good place to be.
”When investors are euphoric, they are incapable of recognising euphoria itself “
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04-09-2017, 11:54 AM
#768
Originally Posted by winner69
About the same time Metro mentioned 'flat' Comvita said with a bit luck earnings next year might be about the same as 2 years prior
Metro share price down 20% since - Comvita share price up 25% since
Punters obviously have more faith in Comvita's forecast than Metro's forecast
Just shows you how Metro is regarded by the market - almost become a market pariah and that's nota good place to be.
Depends on your perspective ... might be good buying for some time to come ;
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
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04-09-2017, 12:01 PM
#769
Sector comparison with the so called "Benchmark"
Originally Posted by bullfrog
I think we all agree that there is a perception that MPG has underperformed, but against what benchmark are we judging this underperformance against? Is it a sector benchmark, or a market benchmark? If it's above average in its sector, but below average in the market, then it ticks a box for inclusion in a diversified portfolio I guess.
Very good point. According to 4traders FBU who are forecasted, (if you believe them) to recover their profitability very well in FY18, (I personally think the systemic management issues they are still working their way through will take a long time to resolve and then there's the effect of existing fixed price contracts still to be completed) FBU is trading on 13 times next years robust recovery number and 12.7 times FY19's continuing recovery number. Surely there are substantial risks to these forecasts ?
On the other hand, again according to average broker forecast MPG are trading on a FY18 PE of just 9.6 (forecast 21.2m), and FY19 PE of just 9.1, (forecast $22.6m) and FY20 average forecast is $23.5m so more growth to come then.
Honestly I see FAR more risks from known and unforeseen factors to FBU's forecast and then there's the PE difference which looks overdone to me even assuming they can make their optimistic numbers.
Originally Posted by winner69
About the same time Metro mentioned 'flat' Comvita said with a bit luck earnings next year might be about the same as 2 years prior
Metro share price down 20% since - Comvita share price up 25% since
Punters obviously have more faith in Comvita's forecast than Metro's forecast
Just shows you how Metro is regarded by the market - almost become a market pariah and that's nota good place to be.
Fund managers just spitting the dummy mate..all getting on the back of Bryan Gaynor's article. Patient possums will get reasonably well fed with this one I reckon.
Don't want to get splattered all over the road so I'll just keep a small piece of one paw in this one.
Last edited by Beagle; 04-09-2017 at 12:56 PM.
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
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04-09-2017, 12:33 PM
#770
This slide from full year announcement is pretty awful - H217 profits down 18%
Wonder how bad the slide will look for for this half year - especially in context of AGG contribuzting $4m plus ebitda v last year
”When investors are euphoric, they are incapable of recognising euphoria itself “
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