MPG - Metro Glass

[RupertBear]

The bear should be gettting really happy. The last trade was up 5c for the day at 43c. Haven't seen it this high since the first half of 2019.

Yes The Bear is brimming with excitement! BOOM I have almost got my money back! How exciting is that!! The Bear will be dancing on the streets soon

[RupertBear]

OMG 45cents lets dance!

https://youtu.be/-cLpZKVH07w

[RupertBear]

Now that The Bear has broken even do I take the money and run or do I hold hmmm ....

[Filthy]

its on its way back to winners 90 cents!

[RupertBear]

its on its way back to winners 90 cents!

ohh goody I hope so

[BlackPeter]

its on its way back to winners 90 cents!

Which may or may not be true. Just remember that Share price is underlying value plus hype. Hype can be pretty volatile.

But sure - FBU is well known for buying into companies when they are well overvalued. It is a gamble for MPG holders, but it might work out ...

[winner69]

Which may or may not be true. Just remember that Share price is underlying value plus hype. Hype can be pretty volatile.

But sure - FBU is well known for buying into companies when they are well overvalued. It is a gamble for MPG holders, but it might work out ...

Underlying value 80 cents plus hype 10 cents equals 90 cents

On its way for a pretty well run company

All those guru fund managers and finance guys who hyped Metro up post IPO and those who got sucked in deserve what they got ....it turned out $1.20 plus of hype was a pipe dream all along.

[mikeybycrikey]

Which may or may not be true. Just remember that Share price is underlying value plus hype. Hype can be pretty volatile.

I'm pretty sure that MPG has been valued with negative hype for the last few months. Might be in the ball park of underlying value now.

[flyer]

Monday morning for the results, hoping they are good, a few more cents to the share price would be nice.

[Scrunch]

Monday morning for the results, hoping they are good, a few more cents to the share price would be nice.

Managements current trading / outlook statements are going to be the key bit. The financials cover a period with very different conditions and could be all over the place. The half year period is April 2020 to Sept 2020. We know from the August announcement below that the L4 lockdown had basically taken out a months revenue and after four months there was still a $18.6m year on year decline.

On the 21st Aug MPG provided a 4-month trading update. If not separately advised, it should be possible to tell what sales looked like in Aug/Sep from this announcement.

Unaudited results for the four months ended 31 July 2020 (FY21 YTD)

New Zealand (NZ$) Revenue
FY21 YTD 53.8
FY20 YTD 72.6

Australia (A$) Revenue
FY21 YTD 17.1
FY20 YTD 17.1

Group (NZ$) Revenue
FY21 YTD 72.0
FY20 YTD 90.6

Net debt (NZ$)
31 July 20 54.7
31 July 19 78.7

o NZ activity has recovered well following the alert level 4 shutdown. June
and July revenues were broadly in line with last year. For the months of May,
June and July, the NZ business has achieved a similar Gross profit margin %
versus the same period last year