MPG - Metro Glass

[bull....]

prices of construction materials falling lol when does anything fall in price and inflation is what 1% such aload of crock that measure anyway im off to plaster my bathroom ceiling

[winner69]

Jeez 103 - the worlds gone crazy

[JeremyALD]

Jeez 103 - the worlds gone crazy

Looks like sub $1 is coming. Surely that's good value?

[TheHunter]

Due for a take over bid, industry could do with some consolidation!!!

Also NZ construction in general is in need of some capable project managers by the sounds of things.

[Beagle]

Due for a take over bid, industry could do with some consolidation!!!

Also NZ construction in general is in need of some capable project managers by the sounds of things.

It would appear that with the recent drop in margin and pressure the construction sector is under there is a question of confidence in the expertise of their execution.
$1.02 is another all time low. Looks like we are set to test $1.00...almost an inevitability I would say.
I have zero appetite for additional risk tolerance on declining SP's trends in the current environment. Continuing to embrace the inner possum who needs a cuddle because he's feeling pretty sick with this one Its tempting to cut any further losses with this one and be done with it. Let us keep more of our earnings (lower forecast dividend this year) within our business...so they can what ? invest in more Capex and...continue to give any efficiency gains away ? I need a Tui !!!!!

[percy]

Caution is required.
MPG appears to have to very high production costs.
I am hearing stories of a South Island glass producer,and that large projects are using much cheaper inported glass.
Take care.

[bull....]

house prices stalled , market slowing . the end of people doing retrofits i would imagine a big part of metros growth aspirations

[couta1]

Looks like sub $1 is coming. Surely that's good value?

$1 bond that pays 7% interest fully imputed, sounds good to me. PS-Remember the market is often wrong, especially when it has election jitters.

[winner69]

Due for a take over bid, industry could do with some consolidation!!!

Also NZ construction in general is in need of some capable project managers by the sounds of things.

Fletchers were keen 10 years or so but got outbid by a private equity outfit. Saved Fletchers over paying as they usually do. Loaded with debt Metro ended up in liquidation.

Fletchers probably still have Metro on their short list?

[winner69]

$1 bond that pays 7% interest fully imputed, sounds good to me. PS-Remember the market is often wrong, especially when it has election jitters.

Already signalled a lower divie next year