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You have a good memory! As you know per the fine print of the sellers/manufacturers, you have to shift every piece of furniture in every room on a frequent basis and vacuum etc under that. By their own admission, the treatment does not stop the fibres from disappearing - in other words, their pre-treatment does not work.
Edit and update of my own anecdote. Separate renovation on another part of the property with synthetic carpet - zero issues. Ongoing treatment and vacuuming etc with infected areas has made zero difference - in some cases the carpet is now threadbare.
Last edited by Ferg; 09-03-2023 at 05:27 PM.
Reason: added more
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Originally Posted by Snoopy
Isn't part of the sales decline because they have stopped selling synthetic carpets?
SNOOPY
Yes, since 2020, then Covid. And the sales decline before then was because they were attempting to compete on synthetic carpets.
I found little to worry about in their recent half year report. Well insured, sufficient cash and inventory, growing revenue and margin, and has there ever been a time when they weren't fighting Godfrey in court?
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If I had extended that sales chart by another six months the line would still be going down
First half sales down 3.2% v pcp
Hope second half better
”When investors are euphoric, they are incapable of recognising euphoria itself “
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Yes, group wise revenue was down, but sales of carpet and rugs were up - especially in Australia, and double digit growth in online sales - but sales of wool by the subsidiary were down, due to export market difficulties including in China. All disclosed in the report. Excuse the defensive tone though; I've held for several years and am patiently waiting for the strategy and CEO change to pay off.
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Jeez BRW share price down to 30 cents
Was 45 cents at last results update
Obviously market not like
”When investors are euphoric, they are incapable of recognising euphoria itself “
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Member
The latest, from Greg Smith, at 2:40 into Radio NZ's midday business bulletin, April 4th. Good to see they're not idle while waiting for Gabrielle repairs.
https://www.rnz.co.nz/audio/player?audio_id=2018884591
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Did I see 40c among the Sale offers today ?
it could become reality tomorrow
even better for those who well positioned at the bottom of the dip
Last edited by nztx; 04-04-2023 at 07:24 PM.
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