MPG - Metro Glass

[Beagle]

In NBR today..."Market sees Metro's Glass as half empty."

Yeap they're pretty ambivalent about it too, although do opine that at the current price it probably represents a reasonable opportunity.

[thestg]

4 Traders Ave target price has dropped again. Now at $1.34.
Bought a few on opening this morning. Not my normal way of trading, but thought it might be worth a small gamble.

[Hoop]

A beagle and a possum, now that's good multiple personality disorder.....

There's a pill to fix that

[t.rexjr]

Volumes are underwhelming for a suposed undervalued stock. Hope that cat didn't die from lead poisoning...

[winner69]

Volumes are underwhelming for a suposed undervalued stock. Hope that cat didn't die from lead poisoning...

yep not exactly the favourite with punters eh

no great rush to get to the tote

maybe MPG is just another runner ...nothing too glamourous or exciting about it ...... and with a few faithful followers

bit ominious really

[BlackPeter]

The share market is in the short run a voting machine and in the long run a weighing machine ...

We know now that MPG won't win a popularity contest, but we knew that before, didn't we?

Long term I still think it will weigh in .

[Beagle]

For a company with such a dominant share of the local market and a long track record of being in business they do a lot of talking about "learning" and talk in the behind the paywall article on NBR today was of some commercial projects with negative profit...Hmmm never heard losses described in such a creative way. Suppose old dogs can learn fancy new ways to describe ugly words like losses. Its okay for Fletchers to mess this up and the inference its not so bad if we mess up then either is it !

Thrust of the argument at the annual meeting seems to be...give us a break folks, we're trying and learning and trust us to spend more capex and we'll find more efficiencies...oh and by the way the Glass industry is a very tough industry to make money, don't you shareholders understand that ?
Chairman even asked for sympathy for his legs that weren't in good shape, (has had operations on them) but is happy to collect $170,000 in directors fees and actually wanted to raise the fees too.

I think if I was grading this company at present they'd get a C- and the teachers report would say in block capitals MUST TRY HARDER !

[Onion]

I had a chat with my inner possum this morning it went like this
Beagle - Winner thinks these are great value and what they said the other day wasn't that bad, still confident of profit growth this year
Possum - Yeah Yeah we've heard that sort of bold public relations talk before from many companies, it was basically a profit warning and Winner just talking his own book the mischevious hound he is
.....

Beagle, Possum...
For goodness sake don't get Roger in on this!

[winner69]

For a company with such a dominant share of the local market and a long track record of being in business they do a lot of talking about "learning" and talk in the behind the paywall article on NBR today was of some commercial projects with negative profit...Hmmm never heard losses described in such a creative way. Suppose old dogs can learn fancy new ways to describe ugly words like losses. Its okay for Fletchers to mess this up and the inference its not so bad if we mess up then either is it !

In a recent presentation they had this bullet point under commercial -
Current and forward book of work has been reviewed

Industry speak for whoops some of our contract pricing is a bit awry - affecting profitability

Solution seems to be (under F18 areas of focus) a national pricing strategy (ie someone in HQ checks all conmmercial quotes / tenders)

H217 Gross Margin 44% when normally 53% --- hmmmm

I did mention the Alexandra Park Apartments the other day - observers say hasn't started yet.

[Beagle]

Beagle, Possum...
For goodness sake don't get Roger in on this!

Thought this thread needed a bit of humor, thanks for adding to it.