MPG - Metro Glass

[Fatboyj]

Geez, 100,000 new homes in 10 years under Jacinda

That’s more than a million windows

Metro Glass great buy at about a buck .....get in quick

Be $1.30 plus in no time and $2.00 next year

Recent pic of winner.

Going Up.jpg

He's not the dog. Or the bed.

[hardt]

You'd be insane If you think Winston "Nationalist" Peters is going to buy windows from China.

[JeremyALD]

You'd be insane If you think Winston "Nationalist" Peters is going to buy windows from China.

Definitely seems like MPG should benefit from a Labour government. Labour is under huge pressure now to deliver and build more houses.

[Fatboyj]

And keep the work with kiwi companies.

[winner69]

This was how Metro's plans were looking yesterday ....


.......but Labour have come to their rescue with promises of millions of windows

Tom's cartoons are my bible (well amost) ...see how the line is almost 'flat'
No worries

[winner69]

so millions of extra windows under Labour hasn't helped boost the Metro share price as it heads to a buck again''

With it trading at 1.2 times book value the market is saying its going to make heaps more than it's cost of capital (ie adding economic value) in the future so maybe it is fairly valued at the moment (even with its current issues)

Jeez punters got sucked in with the glossy presentations and paying $1.70 at the IPO

[Beagle]

so millions of extra windows under Labour hasn't helped boost the Metro share price as it heads to a buck again''

With it trading at 1.2 times book value the market is saying its going to make heaps more than it's cost of capital (ie adding economic value) in the future so maybe it is fairly valued at the moment (even with its current issues)

Jeez punters got sucked in with the glossy presentations and paying $1.70 at the IPO

Proof that if you put enough lipstick on even a pig can look attractive.

[bullfrog]

What a mess this sector is in, which is a shame as with kiwibuild kicking in, and a certain degree of protectionism and a weaker dollar(?), MPG is well positioned to make a tidy profit.

What we really need is more greenhouses... OMG, labour’s kiwibuild and the greens, green houses! Goes well with hydroponics, which will be a growth industry after the referendum. Time to double down!

[winner69]

What a mess this sector is in, which is a shame as with kiwibuild kicking in, and a certain degree of protectionism and a weaker dollar(?), MPG is well positioned to make a tidy profit.

What we really need is more greenhouses... OMG, labour’s kiwibuild and the greens, green houses! Goes well with hydroponics, which will be a growth industry after the referendum. Time to double down!

Metro are making heaps at the moment. A 15% EBIT margin is pretty good for this type of industry. And the share price is currently a pretty good reflection of this performance (ie fairly priced)

It’s just that punters want them to make heaps more - pretty hard to do in a market that’s not growing with company considerable capacity issues.

They’ll do ok over time - punters just need to be realistic about what it’s worth.

[bull....]

kiwi build wont help them? they do retrofit not as much retail low cost housing new windows