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29-08-2017, 10:58 AM
#581
BP - more for you to salivate over
Cranes and even more cranes
= heaps more glass
http://assets.rlb.com/production/201...ril-2017-1.pdf
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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29-08-2017, 10:59 AM
#582
This has been a great (albeit tough) lesson for me in not catching a falling knife early!
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29-08-2017, 11:02 AM
#583
Originally Posted by JeremyALD
This has been a great (albeit tough) lesson for me in not catching a falling knife early!
should have listened to bull... and others on this thread
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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29-08-2017, 11:09 AM
#584
Originally Posted by TheHunter
I find this fascinating, they purchased ~2m of shares in May and now selling out, on the other hand we have a director buying in.
Perhaps the quick exit for whatever reason is over done...
Janus / Henderson habit of buying in shortly after announcements
A sucker for glossy presentations and warm fuzzy words
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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29-08-2017, 11:32 AM
#585
Originally Posted by winner69
should have listened to bull... and others on this thread
I'm happy to hold Winner. Things always bounce back eventually right?
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29-08-2017, 11:41 AM
#586
Originally Posted by BlackPeter
Maybe I just send an email to their investor relations manager .... happy to update this forum if & when I get a response (I suspect I will ...).
Just to clarify the beagles question. I contacted MPG's investor relations manager - and this is his response:
· As was noted in the release, New Zealand revenue has seen relatively flat revenue growth in the first four months of the financial year. This has been below our growth expectations and where the business therefore set its cost structure. Accordingly, with flat revenue but higher retained costs, the company’s NZ results or earnings (i.e. EBITDA/NPAT) will be lower this half than the same half last year;
· When incorporating AGG, the Group’s revenue will certainly be higher in the first half (and full year) due to the company having owned AGG for the full 6/12 month period. However, in the first half of the financial year, the guidance suggests that AGG’s increased earnings contribution (EBITDA / NPAT) will essentially offset the lower earnings contribution from NZ in the period. The primary driver of this NZ performance has been pricing pressures in the South Island as Canterbury cools off (as noted at the full year); and
· As you’ll see in the ASM presentation (slide 9), market forecasters are anticipating positive mid-single-figure growth rates for at least the next three years. That said, Metro Glass (and the wider industry) has seen slow market activity in recent months which could be attributed to many things including slowing house sales volumes (restricting building activities), credit and labour shortages, wet weather, pre-election jitters etc. While we continue to believe that growth will return in the medium term, in the short term it is unclear exactly when this will occur. We provided the market with guidance on that basis, and accordingly are now focussed on better managing our costs until such time as we see evidence of the market picking back up.
So - the way I read his answer, this first half year was really not flash (flat earnings across the group), but they do expect single digit growth for the years to come. Certainly not a doomsday scenario as the reaction on the share market seems to imply.
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
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29-08-2017, 11:58 AM
#587
Originally Posted by BlackPeter
Just to clarify the beagles question. I contacted MPG's investor relations manager - and this is his response:
So - the way I read his answer, this first half year was really not flash (flat earnings across the group), but they do expect single digit growth for the years to come. Certainly not a doomsday scenario as the reaction on the share market seems to imply.
you didnt really believe did you, that they would say anything different .... wait till november then they will say different i reckon
and by the way look how many substantial s/h bailed earlier this yr obviously for same concerns i had , and repplaced by others who were obviously in your camp .... makes a market a
one step ahead of the herd
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29-08-2017, 12:06 PM
#588
Originally Posted by JeremyALD
I'm happy to hold Winner. Things always bounce back eventually right?
Yep .....but don't get caught out again with the next inevitiable downturn
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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29-08-2017, 12:09 PM
#589
At a market cap of ~$200m and an EV value of ~$300m Fletchers might be interested in acquiring
Bit cheaper than 2006 when they were quite keen
A takeover at $1.40 would put many out their misery
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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29-08-2017, 12:11 PM
#590
Member
Someone just bought $9m worth of stock @ $1.05
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