We have been looking for replacement windows for the Onion house. All suppliers that we have looked at use Metro's double glazing units whether they use aluminium or wooden frames. Metro themselves compete directly as a fitting vendor so whether or not they get are the fitting company they will clip the ticket.
Their competitors will be in the same boat will they not?
They say it will impact margins. How much depends on how competitive the market is.
Analysts always bring it up in discussions. Not been a problem yet they say cause they have this rolling 6 or 12 month hedge, but analysts keep asking for the impact.
So it seems your double glazing might be costing you more if you don't get on to it pretty soon.
Pretty smart little company. Good operators. High margins at the moment.
”When investors are euphoric, they are incapable of recognising euphoria itself “
Their CFO John Fraser-Mackenzie just picked up 20,000 shares. Interesting how their response to the NZXR inquiry was basically "nothing to see here, move along".
Deutsche Sydney /Craig's have a bullish paper out on MPG. Target $1.87
I still reckon a $2,plus stock early next year.
Only thing holding them back is the building industry capacity to meet the building demand out there.
New residential consents currently running at 26,000 a year and forecast to go to anannual rate of 30,000 plus late 2016.
The constraints/delays in completing projects only says that Metro should be pretty busy for longer than expected .....and then again there is all the retro fitting going on.
Poor sentiment to building related stocks in nz but growth should help metro overcome that
”When investors are euphoric, they are incapable of recognising euphoria itself “
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