MPG - Metro Glass

[macduffy]

We'll have to wait for the Investment Statement to get a better idea but does anyone else think that this rash of IPO's is starting to sound like a faint warning bell?

http://www.nzherald.co.nz/business/n...ectid=11285704

[Balance]

Where's the growth?

A company in trouble, bought cheap by private equity, financially engineered now to sell into a strong market?

[winner69]

The real winners were the owners who got $366m in 2006

Good blokes those guys .....laughed all the way to bank

Just shows you how stupid this years were .....PE paying inflated prices for anything with a cash flow.

[winner69]

Where's the growth?

A company in trouble, bought cheap by private equity, financially engineered now to sell into a strong market?

Revenue wise not much

They will tout that at proposed prices lower multiples Han the likes of FBU and STU

Must be a bargain then

[brucey09]

Revenue wise not much

They will tout that at proposed prices lower multiples Han the likes of FBU and STU

Must be a bargain then

Snrs.
No touch with as you say "barging pole". Yes?

[macduffy]

Gets a mention in today's Chalkie column.

http://www.stuff.co.nz/business/opin...-conflict-soup

[winner69]

From what I know they must have grown big time in the last 2 to justify a $300m market cap

Also be looking at how much debt gets left behind in the company ($80m odd in last accounts)

Prospectus will be interesting - after the market they are in is booming big time .....Christchurch CBD is going to be full of spanking new buildings endowed with glass

[winner69]

Where's the growth?

A company in trouble, bought cheap by private equity, financially engineered now to sell into a strong market?

Indicative pricing says earnings $19m (current or next year I don't know but that's what the PE ratio mentioned gives)

2013 profit was $8m on $140m odd sales

So $8m to $19m is real growth eh Balance ....there's the growth

And all those glass towers in Christchurch to come

[longy]

Indicative pricing says earnings $19m (current or next year I don't know but that's what the PE ratio mentioned gives)

2013 profit was $8m on $140m odd sales

So $8m to $19m is real growth eh Balance ....there's the growth

And all those glass towers in Christchurch to come

At least it is an easy to understand business. As double glazing is now and standard practice in new building an most almost replacement glass for door or windows have to be strength glass isn't it?

So more or less it is depending on property cycle and new building consents.

I am wondering who else in NZ is producing glass panels and what is the chance that these glass panels could come in from over sea. I know that some kitchen panels are from Germany.

[nextbigthing]

who are their competition and will they be up against imported glass from china that is now duty free under our FTA

Metro import it from China themselves...