MPG - Metro Glass

[percy]

Hmm the Bear doesnt know what that is but it doesnt sound good

Trust you do not learn the hard way.
One FBU share for every eleven MPG shares you hold.

[RupertBear]

Trust you do not learn the hard way.
One FBU share for every eleven MPG shares you hold.

Holding MPG shares is bad enough but holding FBU instead would be a stinker!

[couta1]

Holding MPG shares is bad enough but holding FBU instead would be a stinker!

Lol, you would swap 11 flea ridden mutts for 1 rabid pig dog.

[RupertBear]

Lol, you would swap 11 flea ridden mutts for 1 rabid pig dog.

They both need shooting Couta even the good ship SLI is better than these mutts

[Maverick]

Holding MPG shares is bad enough but holding FBU instead would be a stinker!

and yet instead of trying to sell 3times yesterday you ended up buying more??????
Sage words from mrs Maverick, "when in a hole... stop digging"

[Baa_Baa]

I acknowledge everything said here, except the sector cycle declining comments. The forward looking demand from central government, local government and private sector is incomprehensibly large to such an extent that NZ supply cannot meet demand. It will likely push NZ suppliers into second tier delivery roles to prime contractors but overall it will sustain capacity delivery from NZ suppliers. The forward looking demand side presents massive opportunity for suppliers to industry. Sure, listed companies in this sector have SP's that indicate a cyclical downturn, but it is related to past and present performance and has no relation to future demand. Notwithstanding a GFC which no one has odds on, the demand side is very rosey indeed.

[carrom74]

and yet instead of trying to sell 3times yesterday you ended up buying more??????
Sage words from mrs Maverick, "when in a hole... stop digging"

"when in a hole... stop digging"----

Set in Stone and Slated on my reminders Lists!

Thank You

[RupertBear]

and yet instead of trying to sell 3times yesterday you ended up buying more??????
Sage words from mrs Maverick, "when in a hole... stop digging"

Yep all seems counterintuitive but I havnt figured out how to cut my losses and get out without feeling stink about it so I averaged down instead. Understand this makes no sense to experienced investors but it was an impulsive spur of the moment decision and it was probably a mistake. So yes when in a hole I need to stop dogging! Sage advice thank you Mrs Maverick! I feel ready to hit the sell button now if it goes down much more.

[etrader]

Takeover offer coming up by the look of it, 60c would be cheap given it’s currently trading at a PE of 4 five or take.
New large competitor building in the Waikato not sure who but acknowledged by MPG
any calls on a T/O between 60c - 80c

[t.rexjr]

I acknowledge everything said here, except the sector cycle declining comments. The forward looking demand from central government, local government and private sector is incomprehensibly large to such an extent that NZ supply cannot meet demand. It will likely push NZ suppliers into second tier delivery roles to prime contractors but overall it will sustain capacity delivery from NZ suppliers. The forward looking demand side presents massive opportunity for suppliers to industry. Sure, listed companies in this sector have SP's that indicate a cyclical downturn, but it is related to past and present performance and has no relation to future demand. Notwithstanding a GFC which no one has odds on, the demand side is very rosey indeed.

"NZ supply cannot meet demand" should read NZ supply couldn't meet demand.
Agree demand side is healthy as is the outlook. We have some catching up to do
My crystal ball indicates 3 years of high demand. 5 years till we're on an even keel.
Controlled decent would be ideal but history shows the sector reacts too late
No GFCs or earthquakes in my prophecy.
Glass processing is a sound business, just not one of soaring profits.