MPG - Metro Glass

[winner69]

That $1.50 odd just from a chart perspective

[Beagle]

Yep heading back to $2 early next year

Positive momentum on back of positive news about a coming super boom in housing

No worries

Agree. No worries whatsoever !

[winner69]

Close at $1.50 today?

Back to where it was last March - that's good

No reason $2 before year end

[Beagle]

Close at $1.50 today?

Back to where it was last March - that's good

No reason $2 before year end

Bang on the money mate...you're a true guru ! Agree about the second part too

[winner69]

Bang on the money mate...you're a true guru ! Agree about the second part too

Building consents data out Monday

Likely to be good and if headlines are good then watch for that seasonal uptrend in MPG share price (as BP recent notes)

[BlackPeter]

I certainly like the current uptrend - the suggested resistance in the early 150'ies was not that hard to overcome - wasn't it? Maybe some people know already the numbers for the June building permits?

While we wait for the official release from Statistics NZ - here are some relevant government announcements for a total of 70,000 new homes across New Zealand (and I suppose they all will have windows ):

another 10.500 houses for Auckland:
https://www.beehive.govt.nz/release/...ouses-auckland

10,700 houses for the Waikato:
https://www.beehive.govt.nz/release/...houses-waikato

35,000 new houses for Tauranga:
https://www.beehive.govt.nz/release/...ouses-tauranga

and wait - there is more:

• Hamilton City Council – $272 million – 8,100 houses
  Greenfield development (Peacockes) on southern edge of Hamilton.
  
• Waikato District Council – $37 million – 2,600 houses
  Te Kauwhata (new development on the shore of Lake Waikare).
  
• Queenstown Lakes District Council – $50 million – 3,200 houses
  Two new greenfield sites (Quail Rise South and Ladies Mile) on the Frankton Flats and an extension of the Kingston township.

Interesting how elections can sharpen the focus ... ;

[winner69]

I certainly like the current uptrend - the suggested resistance in the early 150'ies was not that hard to overcome - wasn't it? Maybe some people know already the numbers for the June building permits?

While we wait for the official release from Statistics NZ - here are some relevant government announcements for a total of 70,000 new homes across New Zealand (and I suppose they all will have windows ):

another 10.500 houses for Auckland:
https://www.beehive.govt.nz/release/...ouses-auckland

10,700 houses for the Waikato:
https://www.beehive.govt.nz/release/...houses-waikato

35,000 new houses for Tauranga:
https://www.beehive.govt.nz/release/...ouses-tauranga

and wait - there is more:

• Hamilton City Council – $272 million – 8,100 houses
  Greenfield development (Peacockes) on southern edge of Hamilton.
  
• Waikato District Council – $37 million – 2,600 houses
  Te Kauwhata (new development on the shore of Lake Waikare).
  
• Queenstown Lakes District Council – $50 million – 3,200 houses
  Two new greenfield sites (Quail Rise South and Ladies Mile) on the Frankton Flats and an extension of the Kingston township.

Interesting how elections can sharpen the focus ... ;

......and tens of thousands in Wellington and Hutt Valley .....

.......and no doubt heaps more retirement village units

Gee whizz

Only question is over what time period .....and whose going to pay for them.

[Beagle]

Might be able to afford to double glaze my home the way this is going, BP tells me it has huge lifestyle benefits, (who cares about ROI) so it must be good as he's the guru on this stock.

[winner69]

Residential consents DOWN 7% in June

They'll pick up in July - no worries

http://www.sharechat.co.nz/article/e...-7-in-junehtml

[BlackPeter]

Latest building consent numbers are out 2560 units consented in June; Slightly down compared to May (2794), but June so far (except 2016) was always weaker than the May numbers). This number (while a bit below the June 2016 numbers: 2824) is well in range of what my model expected (based on the last 7 years).

I do see this as quite positive ... and if we keep going this way, than 2017 will be the year with the highest number of building permits issued since I started recording them (2008).

My model predicts roughly 30750 building permits for 2017. 2016 it was 29214.