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  1. #61
    Member Onion's Avatar
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    Quote Originally Posted by winner69 View Post
    Most of their glass is imported ....will put margins under pressure
    Their competitors will be in the same boat will they not?

  2. #62
    Member Onion's Avatar
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    We have been looking for replacement windows for the Onion house. All suppliers that we have looked at use Metro's double glazing units whether they use aluminium or wooden frames. Metro themselves compete directly as a fitting vendor so whether or not they get are the fitting company they will clip the ticket.

  3. #63
    Speedy Az winner69's Avatar
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    Quote Originally Posted by Onion View Post
    Their competitors will be in the same boat will they not?
    They say it will impact margins. How much depends on how competitive the market is.

    Analysts always bring it up in discussions. Not been a problem yet they say cause they have this rolling 6 or 12 month hedge, but analysts keep asking for the impact.

    So it seems your double glazing might be costing you more if you don't get on to it pretty soon.

    Pretty smart little company. Good operators. High margins at the moment.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  4. #64
    Speedy Az winner69's Avatar
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    Good recovery today

    Maybe there has been one desperate shareholder who wanted/need out in a hurry
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  5. #65
    Speedy Az winner69's Avatar
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    IPO docs said -5% fall in NZD v usd would impact margins $0.3m ....before any mitigating actions to offset it.

    So current fall in NZD is $1.0m impact
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  6. #66
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    Their CFO John Fraser-Mackenzie just picked up 20,000 shares. Interesting how their response to the NZXR inquiry was basically "nothing to see here, move along".

  7. #67
    Speedy Az winner69's Avatar
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    Deutsche Sydney /Craig's have a bullish paper out on MPG. Target $1.87

    I still reckon a $2,plus stock early next year.

    Only thing holding them back is the building industry capacity to meet the building demand out there.

    New residential consents currently running at 26,000 a year and forecast to go to anannual rate of 30,000 plus late 2016.

    The constraints/delays in completing projects only says that Metro should be pretty busy for longer than expected .....and then again there is all the retro fitting going on.

    Poor sentiment to building related stocks in nz but growth should help metro overcome that
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  8. #68
    Speedy Az winner69's Avatar
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    Share price looking much stronger this week

    Amazing it got as low as 130

    Some 12% above that at the moment

    When 2 bucks punters will wonder why it wet so long
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  9. #69
    Speedy Az winner69's Avatar
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    Heading into the 160s

    Seems pretty strong demand, for shares and their products

    All those new houses needing windows

    What's the saying, something like price follows eps or something like that isn't it

    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  10. #70
    Speedy Az winner69's Avatar
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    Still trucking along quite nicely is MPG

    Quite a way up from the mid 130s
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

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