MPG - Metro Glass

[Balance]

Nice to find myself in agreement with you Balance. NBR also reporting on MPG's issues today. Link it to FBU and perhaps all is not well in the building/contracting sector.

ps I share your hopes for RBC (a conservative 2% of my portfolio)

I am comfortable with RBC, Left field. You will note that one of the major shareholders has no choice but to sell as the fund is in liquidation mode.

Like Tenon, one of the big shareholders finished selling a few years ago and it has been a very rewarding ride from then.

The building industry in NZ is due for a major shakeup imo - costs have gone completely out of control with duopolies milking the industry for all they can get.

I was in China and am stunned by the cost differential between building costs there vs NZ - especially for materials. They build super skyscrapers there with plenty of glass and it beggars belief that NZ is not importing the glass here in competitive quantity.

[Valleytrader]

As a newbie investor I made the mistake of investing in a downward price trend. Initially at $1.26 and then again at $1.06. Lesson learnt.

[Dust]

As a newbie investor I made the mistake of investing in a downward price trend. Initially at $1.26 and then again at $1.06. Lesson learnt.

Nothing wrong with investing in a downtrend as far as my experience with MPG goes

MPG.JPG

[couta1]

Nothing wrong with investing in a downtrend as far as my experience with MPG goes

MPG.JPG

Your in good company, seems like the NZ Super Fund doesn't mind buying in a downtrend either. PS-Sudden buying interest has started.

[winner69]

Nothing wrong with investing in a downtrend as far as my experience with MPG goes

MPG.JPG

Dusty - do you have a system / strategy?

Probably hoping it gets to 114 plus sooner than later eh

[winner69]

NZ Superfund been buying BlackPeter's and other shares - that's good

So we all own a bit more of Metro than we did a while ago - that's good

[JeremyALD]

NZ Superfund been buying BlackPeter's and other shares - that's good

So we all own a bit more of Metro than we did a while ago - that's good

Very encouraging that NZSF is buying. They are smart operators

[Kay]

Dusty - do you have a system / strategy

Probably hoping it gets to 114 plus sooner than later eh

I'd call that trading in a downtrend rather than investing.

Watch out for the taxman if he doesn't have you already!

[TheHunter]

Tides are turning... (believe I have said this before...)

[winner69]

Tides are turning... (believe I have said this before...)

I believe so

The bottom feeders and the vultures have come out to play I reckon

Dusty will be selling at 115 odd ...soon I think