MPG - Metro Glass

[Balance]

Probably means its a good time to buy lol, FNZC have been pretty trash with their calls recently.

Couldn't agree with you more - seriously.

FMZC had MPG as OUTPERFORM - March 2017 when sp was $1.45. The sp sank faster than their revised downward revisions/valuations in the last year so they finally bit the bullet and did a drastic change to their recommendation and valuation to be ahead of the curve.

TIME TO BUY!

[BlackPeter]

Couldn't agree with you more - seriously.

FMZC had MPG as OUTPERFORM - March 2017 when sp was $1.45. The sp sank faster than their revised downward revisions/valuations in the last year so they finally bit the bullet and did a drastic change to their recommendation and valuation to be ahead of the curve.

TIME TO BUY!

Well, maybe ... but I don't think we can rely on FNZC getting it always wrong ;

I guess MPG dropped during peak building activities and if you look at the attempts of our government to stifle the building market - and if you look at Fletcher's building woes ... maybe it might pay to wait a bit longer before taking the dip ...

Aren't they still looking for a new CEO? At least it might pay to wait for him/ her to come on board and giving them time to uncover the remaining skeletons ...

BTW - the share is in an unbroken downtrend (not even close to the EMA200) and has heaps of "goodwill" on their books which might well be written off at some stage. Why take the risk?

[Beagle]

Yeap, I'm with BP. New CEO, if they can find one, (its been around six months already) will be sure to want to take a new broom to any dead wood and old skeletons lying around so expect significant restructuring and redundancies as well as other one-off clean-up costs.

[carrom74]

With a dividend yield of 8%(if they pay 4 cents this time)...I am still holding... and hoping FNZC is proved wrong(again!)

[Balance]

With a dividend yield of 8%(if they pay 4 cents this time)...I am still holding... and hoping FNZC is proved wrong(again!)

Well, I have decided to help (a little bit) the FNZC clients who are selling out at 82c.

Bought some - FNZC's recommendation makes absolutely zero sense to me (Outperform at $1.45 and neutral at 82c?) - they should have been getting their clients out when the stock was trading at $1.45!

Where was FNZC when the sp went down to 70c? Must have been a raging buy since they had an outperform and valuation of $1.02 at that time.

Smells to me of a fee churning exercise.

I have never taken that much notice of analysts' recommendations although I have found their analysis/research useful for information and to help with my own assessments.

There is an analyst in one of the major broking firms who was well known for his late calls - you sell when he recommended buy, and you buy when he recommended sell! Hard to believe but it is true - he is still an analyst.

[Beagle]

Agree Balance that a lot of the analyst calls are late, (not the least of which on AIR). People probably better off reading what's on here. I won't be following you on this dog, my pretty reliable nose tells me there's a lot more trouble ahead. I've made the call a heck of a long time before FCNZ has that this is a flea infested mutt and unlike them I don't need to change my opinion to generate more brokerage.

Vast amounts of goodwill at massively and outrageous overstated value on this pup's balance sheet, a rudderless and directionless ship adrift on the high seas with no idea where they are or where they're going, (any company that has to hire outside consultants to tell them how to run it) is a HUGE red flag in my investment rulebook.

Getting back to the vast goodwill figure. This was calculated upon a basis that there would be steady predictable growth in sales each year. They had to hire outside consultants to tell them their growth expectations were unrealistic and this is a cyclical business. Oh for goodness sake...and some people want to invest money with these "experts" go figure ?

[Balance]

Agree Balance that a lot of the analyst calls are late, (not the least of which on AIR). People probably better off reading what's on here. I won't be following you on this dog, my pretty reliable nose tells me there's a lot more trouble ahead. I've made the call a heck of a long time before FCNZ has that this is a flea infested mutt and unlike them I don't need to change my story lol

Vast amounts of goodwill at massively and outrageous overstated value on this pup's balance sheet, a rudderless and directionless ship adrift on the high seas with no idea where they are or where they're going, (any company that ahs to hire outside consultants to tell them how to run it) is a HUGE red flag in my investment rulebook.

Thx, Beagle.

Putting my money to prove a point really.

Not big money.

Bragging rights later

[winner69]

Thx, Beagle.

Putting my money to prove a point really.

Not big money.

Bragging rights later

Good buying on low 80s eh mate

Somebody has to say it first ......and will be often repeated I think

[carrom74]

Thx, Beagle.

Putting my money to prove a point really.

Not big money.
Bragging rights later

Who knows? but would be great.Rightly kept insisting a good entry point for Trilogy at 210 and it worked wonders for me. W69 knows too eh?

[BlackPeter]

Good buying on low 80s eh mate

Somebody has to say it first ......and will be often repeated I think

Didn't you say the same thing at $1.30 ?