sharetrader
Page 112 of 114 FirstFirst ... 1262102108109110111112113114 LastLast
Results 2,221 to 2,240 of 2265

Thread: Metro Glass IPO

  1. #2221
    Member
    Join Date
    Jan 2020
    Posts
    51

    Default

    Quote Originally Posted by RupertBear View Post
    I hear ya Louloubell! Keep going up Metro and I will ALMOST get my money back
    I'm up 63%. Took advantage of the low price when there was evidence of them getting their debt under control.

  2. #2222
    Aspiring to be an Awesome Bear
    Join Date
    May 2016
    Location
    In the Woods
    Posts
    1,204

    Default

    Quote Originally Posted by DazRaz View Post
    I'm up 63%. Took advantage of the low price when there was evidence of them getting their debt under control.
    OMG!! Well done DazRaz!! I have been a long suffering holder for longer than I wish to remember I have managed to get my average buy in down significantly by topping up when it was down around 0.20 but I am still drowning, gulp Have learned from my mistakes so thats the good news

  3. #2223
    Member
    Join Date
    Feb 2020
    Location
    Nelson
    Posts
    458

    Default

    The numbers for this one were actually decent for a long time, it's easy to make a mistake.

    Many companies overstate goodwill and it should really be changed in the nz accounting standards.

  4. #2224
    Advanced Member
    Join Date
    Dec 2009
    Location
    Eastern BoP..
    Posts
    1,806

    Default

    Quote Originally Posted by DazRaz View Post
    I'm up 63%. Took advantage of the low price when there was evidence of them getting their debt under control.
    Well done.

    This is a company that I have followed for some time, and held.
    Bought April 2017 @ 1.35 Sold June 2017 @ 1.38
    Mainly because of gut feeling really. Also had second thoughts about the " Goodwill ".

    However, kept my interest as it dropped and have repurchased a few weeks ago.
    Not as good a % as yours DazRaz. Only 14% . I see higher.
    Think it is worth riding for a couple of reports though.

  5. #2225
    Member
    Join Date
    Mar 2013
    Posts
    208

    Default

    I made mistake to cut loss on MPG as I thought Covid-19 would destroy property market and construction activity would shrink sharply, and the reality has gone to opposite

    I took proceeds to buy SUM which now almost doubled my purchase price.

  6. #2226
    Member
    Join Date
    Nov 2016
    Posts
    120

    Default

    Quote Originally Posted by RupertBear View Post
    OMG!! Well done DazRaz!! I have been a long suffering holder for longer than I wish to remember I have managed to get my average buy in down significantly by topping up when it was down around 0.20 but I am still drowning, gulp Have learned from my mistakes so thats the good news
    in the same boat RB, didn’t want to lock in a loss when Milford sold out, so rode the train to pitsville. Averaged down when sub 20c, still below water, needs to get to 44c. I find it harder to sell than buy, so working on visualising selling each investment so when the time comes, I don’t wait n see for a couple of days, I sell, I’ve said my goodbyes months ago, ha.

  7. #2227
    Member
    Join Date
    Jan 2020
    Posts
    51

    Default

    The other thing that helped me decide to buy in was the investor fear over the competition from an overseas rival moving in on the NZ market. While that fear was keeping investors away, during COVID I couldn't see how an overseas rival could setup here and get established. How do you setup here if you can't even get into the country?

    Hadn't put in as much as I would of liked but what I had at the time. The next financial results will show whether it is worth holding for longer.

  8. #2228
    One Fearsome Feline winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    27,688

    Default

    Quote Originally Posted by DazRaz View Post
    The other thing that helped me decide to buy in was the investor fear over the competition from an overseas rival moving in on the NZ market. While that fear was keeping investors away, during COVID I couldn't see how an overseas rival could setup here and get established. How do you setup here if you can't even get into the country?

    Hadn't put in as much as I would of liked but what I had at the time. The next financial results will show whether it is worth holding for longer.
    It wasn’t an overseas rival setting up a new plant in NZ ....it was a local aluminium fabricator who was going to do their own glass.

    Quite a chunk of Metros local customer base at risk.

    It’s up and running but Metro say very little about it except that capacity outstrips demand and they will vigorously compete for work.
    “What the wise man does in the beginning, the fool does in the end”

  9. #2229
    Member
    Join Date
    Jan 2020
    Posts
    51

    Default

    Quote Originally Posted by winner69 View Post
    It wasn’t an overseas rival setting up a new plant in NZ ....it was a local aluminium fabricator who was going to do their own glass.

    Quite a chunk of Metros local customer base at risk.

    It’s up and running but Metro say very little about it except that capacity outstrips demand and they will vigorously compete for work.
    Oh, ok. That's a bit different then. Let's hope they have stemmed the bleed in Australia then and keep their financials on track.

  10. #2230
    Member
    Join Date
    Jan 2018
    Location
    Wellington
    Posts
    250

    Default

    tracking along well. up 20% for the week and 39% for the month.
    Any TA experts want to guess where the next resistance is?

  11. #2231
    Member
    Join Date
    Oct 2019
    Posts
    67

    Default

    Quote Originally Posted by Filthy View Post
    tracking along well. up 20% for the week and 39% for the month.
    Any TA experts want to guess where the next resistance is?
    Fair value IMHO is somewhere around 60-70c I reckon...... GO MPG!

  12. #2232
    One Fearsome Feline winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    27,688

    Default

    Quote Originally Posted by Filthy View Post
    tracking along well. up 20% for the week and 39% for the month.
    Any TA experts want to guess where the next resistance is?
    About 90 cents and then 230
    “What the wise man does in the beginning, the fool does in the end”

  13. #2233
    Member bottomfeeder's Avatar
    Join Date
    Oct 2016
    Location
    Mount Maunganui
    Posts
    467

    Default

    Somebody realised TD interest rates are at 1%. Or FBU is spending their war chest.

  14. #2234
    One Fearsome Feline winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    27,688

    Default

    Top of the leaderboard today ...incredible

    That resistance at 90 cents getting closer

    Go metro
    “What the wise man does in the beginning, the fool does in the end”

  15. #2235
    Member bottomfeeder's Avatar
    Join Date
    Oct 2016
    Location
    Mount Maunganui
    Posts
    467

    Default

    I think 90 cents is over exuberant, but can see this settling at 45cents.

  16. #2236
    Aspiring to be an Awesome Bear
    Join Date
    May 2016
    Location
    In the Woods
    Posts
    1,204

    Default

    Quote Originally Posted by bullfrog View Post
    in the same boat RB, didn’t want to lock in a loss when Milford sold out, so rode the train to pitsville. Averaged down when sub 20c, still below water, needs to get to 44c. I find it harder to sell than buy, so working on visualising selling each investment so when the time comes, I don’t wait n see for a couple of days, I sell, I’ve said my goodbyes months ago, ha.
    Same here bullfrog...we getting closer though...go Metro!!

  17. #2237
    Aspiring to be an Awesome Bear
    Join Date
    May 2016
    Location
    In the Woods
    Posts
    1,204

    Default

    Quote Originally Posted by bottomfeeder View Post
    I think 90 cents is over exuberant, but can see this settling at 45cents.
    If it reaches 45 cents I will be a happy bear, if it reaches 90 cents I will be an ecstatic bear!!

  18. #2238
    Member
    Join Date
    Jan 2020
    Posts
    51

    Default

    I exited at 36c today. While I thought the market hadn't recognised the effect to the debt reduction, I think the road up from here will take a lot longer. A good gain but moving to a longer position.

  19. #2239
    Advanced Member
    Join Date
    May 2015
    Posts
    2,457

    Default

    MPG has debt about the same as its market cap ($55m), being squeezed quite badly, yet has doubled in price in the past 6 months (since the covid low's)
    STU has no debt, a much more commanding market position, better cash flows, and probably less chance of raising capital... and yet the share price is not even 20% higher than it was 6 months ago (in fact in mid August, STU's share price was virtually the same it was during the covid lows of early April)

    I'm not saying STU is a 'great' business, nor am I saying MPG is a terrible business... in fact I'd say they're both dogs at this point in time.. but interesting that MPG has doubled in price (far outperforming the broader market) while STU has only gone up a mere 17% (underperforming the boarder market by a good chunk)

  20. #2240
    Antiquated & irrational t.rexjr's Avatar
    Join Date
    Feb 2017
    Location
    Under the sycamore tree
    Posts
    437

    Default

    Quote Originally Posted by winner69 View Post
    It wasn’t an overseas rival setting up a new plant in NZ ....it was a local aluminium fabricator who was going to do their own glass.

    Quite a chunk of Metros local customer base at risk.

    It’s up and running but Metro say very little about it except that capacity outstrips demand and they will vigorously compete for work.
    Vigorously compete for work? That rival, as far as I'm aware, are (or perhaps were) a rather large portion of Metro's business. The way that rival operates means there is little to no chance for Metro to compete within that supply chain. That rival is NZ biggest residential joinery supplier that captures over half of the market. That's over half the market that Metro will not be able to compete in once that rival is up to speed...

    'Vigorously competing for work'. They're having to go into battle against another large NZ supplier (among others) and win over their competitors customers to replace lost contracts. Surely that translates to slashing margin. Something or someone will have to give...

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •