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01-09-2017, 12:18 PM
#711
Originally Posted by Left field
In NBR today..."Market sees Metro's Glass as half empty."
Yeap they're pretty ambivalent about it too, although do opine that at the current price it probably represents a reasonable opportunity.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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01-09-2017, 12:29 PM
#712
Member
4 Traders Ave target price has dropped again. Now at $1.34.
Bought a few on opening this morning. Not my normal way of trading, but thought it might be worth a small gamble.
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01-09-2017, 01:30 PM
#713
Originally Posted by Fatboyj
A beagle and a possum, now that's good multiple personality disorder.....
There's a pill to fix that
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01-09-2017, 01:35 PM
#714
Volumes are underwhelming for a suposed undervalued stock. Hope that cat didn't die from lead poisoning...
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01-09-2017, 01:55 PM
#715
Originally Posted by t.rexjr
Volumes are underwhelming for a suposed undervalued stock. Hope that cat didn't die from lead poisoning...
yep not exactly the favourite with punters eh
no great rush to get to the tote
maybe MPG is just another runner ...nothing too glamourous or exciting about it ...... and with a few faithful followers
bit ominious really
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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01-09-2017, 02:12 PM
#716
The share market is in the short run a voting machine and in the long run a weighing machine ...
We know now that MPG won't win a popularity contest, but we knew that before, didn't we?
Long term I still think it will weigh in .
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
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01-09-2017, 02:26 PM
#717
For a company with such a dominant share of the local market and a long track record of being in business they do a lot of talking about "learning" and talk in the behind the paywall article on NBR today was of some commercial projects with negative profit...Hmmm never heard losses described in such a creative way. Suppose old dogs can learn fancy new ways to describe ugly words like losses. Its okay for Fletchers to mess this up and the inference its not so bad if we mess up then either is it !
Thrust of the argument at the annual meeting seems to be...give us a break folks, we're trying and learning and trust us to spend more capex and we'll find more efficiencies...oh and by the way the Glass industry is a very tough industry to make money, don't you shareholders understand that ?
Chairman even asked for sympathy for his legs that weren't in good shape, (has had operations on them) but is happy to collect $170,000 in directors fees and actually wanted to raise the fees too.
I think if I was grading this company at present they'd get a C- and the teachers report would say in block capitals MUST TRY HARDER !
Last edited by Beagle; 01-09-2017 at 02:31 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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01-09-2017, 02:49 PM
#718
Originally Posted by Beagle
I had a chat with my inner possum this morning it went like this
Beagle - Winner thinks these are great value and what they said the other day wasn't that bad, still confident of profit growth this year
Possum - Yeah Yeah we've heard that sort of bold public relations talk before from many companies, it was basically a profit warning and Winner just talking his own book the mischevious hound he is
.....
Beagle, Possum...
For goodness sake don't get Roger in on this!
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01-09-2017, 03:31 PM
#719
Originally Posted by Beagle
For a company with such a dominant share of the local market and a long track record of being in business they do a lot of talking about "learning" and talk in the behind the paywall article on NBR today was of some commercial projects with negative profit...Hmmm never heard losses described in such a creative way. Suppose old dogs can learn fancy new ways to describe ugly words like losses. Its okay for Fletchers to mess this up and the inference its not so bad if we mess up then either is it !
In a recent presentation they had this bullet point under commercial -
Current and forward book of work has been reviewed
Industry speak for whoops some of our contract pricing is a bit awry - affecting profitability
Solution seems to be (under F18 areas of focus) a national pricing strategy (ie someone in HQ checks all conmmercial quotes / tenders)
H217 Gross Margin 44% when normally 53% --- hmmmm
I did mention the Alexandra Park Apartments the other day - observers say hasn't started yet.
Last edited by winner69; 01-09-2017 at 03:32 PM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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01-09-2017, 05:02 PM
#720
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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