MPG - Metro Glass

[Fatboyj]

Nice drop. Might put some coin on this at $1.20

[BlackPeter]

Nice drop. Might put some coin on this at $1.20

Yes ... I am sure the brains behind the quick selling fingers at $1.20 this morning are already regretting their decision.

Just updated my spreadsheet with their latest predictions (extrapolated to 2018 FY) and 4 traders 2019 and 2020 numbers:

At $1.27 (current S/P) they offer a forward PE of 10.7 and a forward CAGR of 10.5; I'd call that a bargain ... but hey, I can't buy all the shares on offer by myself sorry - truck is too small;

Always dangerous to push the sell button before analysing the announcements ; Congratulations to everybody who managed to get some more MPG shares at $1.20 - that's what I call bottom picking ....

Price creeping up again on solid demand - wondering whether we still will see a dip in the SP at the end of the day?

[winner69]

This 'soft' talk was expected eh

Good buying at in the 120's ....yippee

But I still reckon 'softness' not over yet ...we'll hear this word again later in the year .....but the market will be happy to trade it back up to 140/150 again so why not make a few bucks (almost risk free at current prices) in the process.

Continue to disappoint the market don't they

[JeremyALD]

Hmmm not a very good meeting was it! Very disappointing and the language they use dosent build much confidence. However I'm with BP that this seems like decent value, so I'll hold on for now.

[winner69]

So softness is code for NZ going backwards

"The problem is that they have the acquisition in there ... so to be flat on last year is disappointing," said David Price, broker at Forsyth Barr.



http://www.sharechat.co.nz/article/3...ed-outlookhtml

[Fatboyj]

$1.23, $1.20 not much diff. I'm in. Another thread to subscribe too.

[winner69]

So softness code word for going backwards

H117 EBIT was $19.2m normalised (must use normalised eh) of which say $0.5m came from one month trading from Australia meaning $18.7m from NZ

H118 trading result to be 'flat' probably means about the same - that is EBIT of $19.2m which say $3.0m is from full 6 months of Australia and $16.2m from NZ

So NZ EBIT possibly down $2.5m or 13%

That's a bit more than 'soft' ....'flaccid' maybe

No wonder the guy from Forbar says there is a problem


BP - I have taken time to analyse the announcement. Share price shouldn't go below 120 - unless the instos get really peeved

[winner69]

Did Sir John keep his job?

[JeremyALD]

Did Sir John keep his job?

Yep 25% voted for his out though so pressure is mounting

[winner69]

Metro seem to have a habit of coming out with disappointing outlooks - today's is the third I can think off

No wonder the market reacts as it does - patience of the instos / fund managers must be wearing a bit thin. Don't forget they are the ones who essentially drive the share price.