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For a company going forward, Intangibles I accept have "some" value,however they quickly lose any value when a company goes backwards.
To me MPG does not look like a company which is going forward.
Last edited by percy; 24-11-2018 at 03:40 PM.
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How to collect $244m from keen punters
PE promoters just as good as used car salesmen
https://www.metroglass.co.nz/media/1...2014-20-mr.pdf
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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 Originally Posted by winner69
As usual - the most important statement in the prospectus:
No guarantee
No person guarantees the Offer Shares offered under this Investment
Statement. No person warrants or guarantees the performance of the
Offer Shares or any return on any investments made pursuant to this
Investment Statement.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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Originally Posted by BlackPeter
As usual - the most important statement in the prospectus:
There is a section on the risk of a new competitor entering the market
Last edited by winner69; 24-11-2018 at 05:13 PM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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Originally Posted by winner69
Used car salesmen have a lot better reputation than a great number of people,including lawyers, politicians, and PE promoters.
Trustee folk.
Note.Turners give a money back guarantee, and also vehicle warranties,none of the above do.!
Last edited by percy; 24-11-2018 at 05:06 PM.
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Fear of failure focusses the mind.
A wonderfull aphrodisiac, which drives a great number of business people.
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The industry demand profile is massive for the next 10+ years, way larger than being able to be serviced by solely local companies. Central government, local government and private enterprise have a demand profile in the out years far exceeding ability to supply locallly, the construction/build industry is cyclicling upwards in a truely massive way. Currently some companies are hurting or breaking as they transition from owning all risk to a new paradigm of shared risk. Listed companies in this sector are being punished for past and present circumstances. It is not reflective of the industry demand profile. Second tier suppliers will know this, listed or not. A bright future is ahead for reliable suppliers to construction/build. While SP may appear to be be cyclic, it is not a reliable reflection of future demand for products and services. The industry is facing the largest demand side that it has ever seen historically.
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Originally Posted by Baa_Baa
The industry demand profile is massive for the next 10+ years, way larger than being able to be serviced by solely local companies. Central government, local government and private enterprise have a demand profile in the out years far exceeding ability to supply locallly, the construction/build industry is cyclicling upwards in a truely massive way. Currently some companies are hurting or breaking as they transition from owning all risk to a new paradigm of shared risk. Listed companies in this sector are being punished for past and present circumstances. It is not reflective of the industry demand profile. Second tier suppliers will know this, listed or not. A bright future is ahead for reliable suppliers to construction/build. While SP may appear to be be cyclic, it is not a reliable reflection of future demand for products and services. The industry is facing the largest demand side that it has ever seen historically.
The industry demand profile is massive for the next 10+ years, way larger than being able to be serviced by solely local companies .......so true baa_baa, let us not forget
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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Originally Posted by winner69
The industry demand profile is massive for the next 10+ years, way larger than being able to be serviced by solely local companies .......so true baa_baa, let us not forget
Been that way since the 1950s.
Different this time.?
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Originally Posted by percy
Been that way since the 1950s.
Different this time.?
It’s been boom and bust since the 1950s
Outlook for the next few years looking pretty good .....probably at least 35,000 odd dwellings to be built annually in next few years and that’s not really counting any of Phil’s outrageous ambitions. Non residential should be pretty good as well ...plenty of hotels, hospitals being built.
That 35,000 odd is compared to current activity of 32,000 and a low of 15,000 not that long ago and long term average of about 25,000
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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