MPG - Metro Glass

[BlackPeter]

They'd have to be having many major balls-ups to significantly effect their overall performance. I've done a few factory tours and they are slick operations. Not buying it...

Agreed - did last year a tour at their Christchurch facilities - and while they (thankfully) did have some work, it clearly didn't felt like maximum capacity.

No indications of capacity related bottle necks, breakage or similar either. Obviously - hard to assess from a factory tour whether they cut the windows to the required sizes or need to redo every second (or whatever) job ... but than, how hard can it be? Measuring up windows is not rocket science - and the cutting was all automated ...

[Balance]

Agreed - did last year a tour at their Christchurch facilities - and while they (thankfully) did have some work, it clearly didn't felt like maximum capacity.

No indications of capacity related bottle necks, breakage or similar either. Obviously - hard to assess from a factory tour whether they cut the windows to the required sizes or need to redo every second (or whatever) job ... but than, how hard can it be? Measuring up windows is not rocket science - and the cutting was all automated ...

The problem lies with a lot of the fancy doors and windows designed these days by architects.

I have personally seen a whole consignment of windows (rounded at the top) sent back to the factory (don't know who was the glass supplier) beacuse they did not fit.

Maybe that's why Metro Glass stated they are moving away from certain markets?

[winner69]

Agreed - did last year a tour at their Christchurch facilities - and while they (thankfully) did have some work, it clearly didn't felt like maximum capacity.

No indications of capacity related bottle necks, breakage or similar either. Obviously - hard to assess from a factory tour whether they cut the windows to the required sizes or need to redo every second (or whatever) job ... but than, how hard can it be? Measuring up windows is not rocket science - and the cutting was all automated ...

Measuring up experience - not Metro

We had a glass splash back installed in our kitchen. Nearly 3 metres long and not a regular shape and had 4 sets of plugs (ie holes in the glass) to allow for. Guy used his laser thingie from all angles to measure up. Huge piece of toughened glass arrived and it fitted like a glove. I was impressed.

Outfit did say the glass did come from Metro before he did the printing of the image on it.

[steveb]

hey winner sounds a bit posh,you been making to much money on the markets? But not on Metro me thinks!

But realistically this is where Metro makes good money,on their specialist glass A lot of the bulk standard glass they are competing with are the cheap chinese product.And the margins are just not there

[t.rexjr]

The problem lies with a lot of the fancy doors and windows designed these days by architects.

I have personally seen a whole consignment of windows (rounded at the top) sent back to the factory (don't know who was the glass supplier) beacuse they did not fit.

Maybe that's why Metro Glass stated they are moving away from certain markets?

If that was a residential consignment then it's more than likely a joinery manufactuer error and not on Metro.

I doubt errors in residential supply would have too much influence. Most of it is pretty straight forward. I'd suspect it'd more likely be commercial supply and pricing related. Commercial has more international influences.

[trader_jackson]

Forsyth upgrading this to outperform now - 95c 12 month target so must be a good buy at these prices then if they say so
Just like CBL and EVO with their outperform ratings - 95c is still a reasonable chunk below where they think OCA will be in 12 months

[winner69]

Forsyth upgrading this to outperform now - 95c 12 month target so must be a good buy at these prices then if they say so
Just like CBL and EVO with their outperform ratings - 95c is still a reasonable chunk below where they think OCA will be in 12 months

That’s good.

Hope they get the momentum going .....Metro should be $1.20 by Xmas

[Ghost Monkey]

ACC likes it

[Balance]

ACC likes it

http://nzx-prod-s7fsd7f98s.s3-websit...734/277679.pdf

Devon does not.

Guess it is hard to like the stock after they topped up in Dec 2017 at $1.00 and higher, thinking MPG was cheap and then, sold down at 80c and below?

[Ghost Monkey]

Too impatient. Should have held on till Xmas. $1.20 I hear.