MPG - Metro Glass

[Beagle]

Just to clarify the beagles question. I contacted MPG's investor relations manager - and this is his response:



So - the way I read his answer, this first half year was really not flash (flat earnings across the group), but they do expect single digit growth for the years to come. Certainly not a doomsday scenario as the reaction on the share market seems to imply.

Good work mate and as you suggest it is not the doomsday scenario the market seems to think it is.

That would be Henderson - the number matches exactly their final holding after the previous announcement.

Agreed. So that's one disaffected fund manager down and one, (Milford) to go and then its clear sailing ahead.

So if I plug numbers like EPS = 10c for FY2018,
4% annual EPS growth thereafter and a
55% dividend payout ratio into my secret formula.

Is that a sensible combination?

That would make them worth $1.17 each now.

Best Wishes
Paper Tiger

Different methodology but essentially the same answer.

[winner69]

Good work mate and as you suggest it is not the doomsday scenario the market seems to think it is.


Agreed. So that's one disaffected fund manager down and one, (Milford) to go and then its clear sailing ahead.



Different methodology but essentially the same answer.

Not really doomsday

Just the market reacting to new expectations not that clearly set out by the company

I think the market getting a bit bored with all those fancy slides they churn out with very little financial / operational detail.

They still seem to be in IPO mode - telling a fantastic story to implore punters to buy the new toy on the block - the seduction not working.

[winner69]

Anybody keeping an eye on those new apartments being built at Alexandra Park - any glass going in yet?

Pricing was pretty sharp on that contract I'm told.

[couta1]

Looks to me the tide ain't far away from turning, better get the surf board out.

[Fatboyj]

This hits $1 im in another 10k.

[t.rexjr]

Someone is still dumping yet the buyers are lining up...

[Jay]

Looks to be far away from any glass yet w69, last time I west past - a week or 2 ago

[winner69]

Always exciting when a high flier with a strategic growth path laid out for all to see becomes just a punters plaything

It could go anywhere in the short term ....but remember medium to long term it is the instos / fund managers who will dictate the price.

[winner69]

Looks to be far away from any glass yet w69, last time I west past - a week or 2 ago

Thanks jay

Was meant to be completed mid/late 2017 so a bit behind schedule

Part of Metro's shortfall to expectations maybe

[winner69]

Judging from the anticipation on here you guys collectively must be wanting a million plus shares

hope you been buying on way down ....once it does turn it will rocket up ...fast ...and there won't be any sellers ...and the real bargain will only be a bargain