MPG - Metro Glass

[Balance]

http://nzx-prod-s7fsd7f98s.s3-websit...676/275087.pdf

Chairman (of NZOG fame) increases his shareholding.

[Arbroath]

That's the risk but I see the new Chairman has bought 50k at 86c a few days ago - that would seem pretty silly if there were some proper skeletons in the closet

[Balance]

That's the risk but I see the new Chairman has bought 50k at 86c a few days ago - that would seem pretty silly if there were some proper skeletons in the closet

Wouldn't read anything into it myself.

Recall director/management purchasing shares at well above $1.00?

https://stocknessmonster.com/announc...pg.nzx-296599/

Dean Brown, CFO - $1.58

https://stocknessmonster.com/announc...pg.nzx-302074/

Peter Griffiths - $1.41

https://stocknessmonster.com/announc...pg.nzx-306273/

Peter Griffiths again - $1.10

[Arbroath]

Fair point - definitely not saying it's all clear but it does indicate some confidence that there's no big issues assuming the Chair has some kind of grip on life.

I think the share price probably remains $0.80-$1.00 until they demonstrate some margin / Npat growth which won't be any earlier than HI 19 result in November.

[JoeGrogan]

Wouldn't read anything into it myself.

Recall director/management purchasing shares at well above $1.00?

https://stocknessmonster.com/announc...pg.nzx-296599/

Dean Brown, CFO - $1.58

https://stocknessmonster.com/announc...pg.nzx-302074/

Peter Griffiths - $1.41

https://stocknessmonster.com/announc...pg.nzx-306273/

Peter Griffiths again - $1.10

Third downgrade? when were the first two, or do these downgrade rules apply to prior financial years?

With financial results known by the company till the end of jan 31, would seem weird that the chairman would be buying 50k knowing impending doom. But hey i'm prepared for the worst lol.

[winner69]

Wouldn't read anything into it myself.

Recall director/management purchasing shares at well above $1.00?

https://stocknessmonster.com/announc...pg.nzx-296599/

Dean Brown, CFO - $1.58

https://stocknessmonster.com/announc...pg.nzx-302074/

Peter Griffiths - $1.41

https://stocknessmonster.com/announc...pg.nzx-306273/

Peter Griffiths again - $1.10

And Rigby topped up at $1.10

Probably hoping price improves before his final day ....has over 5 mill ...hope he doesn’t dump in one day

[winner69]

Obviously on track to make about $20m

Reasonably solid performance ...making $20m odd for 3 years in a row.

Pity the finance guys hyped this up so much to start with .....and then the market per se (shareholders) demanded even more ....expectations were totally unrealistic and were never going to be met.

Will be interesting what 5hey come out with in a month or two. Hope they don’t start re-hyping things again

PS - bit of catching up to do to beat MVN

[carrom74]

Obviously on track to make about $20m

Reasonably solid performance ...making $20m odd for 3 years in a row.

Pity the finance guys hyped this up so much to start with .....and then the market per se (shareholders) demanded even more ....expectations were totally unrealistic and were never going to be met.

Will be interesting what 5hey come out with in a month or two. Hope they don’t start re-hyping things again

PS - bit of catching up to do to beat MVN

W69-No news is good news... as you pointed out they should report a NPAT of $20M, having said that is there any outside chance of a trading update before March 31st? or in other words"Cyclone bad news Metro" has missed the coast??

[winner69]

Stats NZ headline is Building Consents flat in January

In acrual numbers up nearly 10% on Jan last year

All good for Metro ...most undervalued stock on the NZX50?

[Filthy]

most undervalued stock on the NZX50?

yep. a ‘bad result’ has already been priced in by mr market eh W69.

assuming we are now looking down the barrel of ‘anything better than bad’, then I agree - it looks oversold

could be a reasonable chance of a 20-30% climb from these levels come May

.....bargain?