MVN Methven

[percy]

Thanks Percy, thats good to know.

That's for MVN,not CDI..!!!!!
Look forward to hearing your CDI valuation.!!! lol.

[Silverlight]

The best time to buy cyclical small caps is at the bottom of the cycle, we were there in Feb last year, good to see the analysts are now upgrading their targets though.

With 14.5 cents in divs plus credits, and almost a 50% capital gain, I would look to sell above $1.75 before the end of the year, definitely now more cautious, than 18 months ago, taking your side for a change percy!

[golden city]

looks solid.., should have a nice little trend comming next month..

[BlackPeter]

Soft earnings downgrade (now promising same as last year or up to 10% above - i.e. 8 to 9 cts/share, not the originally envisaged 10 cts). Still waiting for the Christchurch recovery?

https://www.nzx.com/files/attachments/188594.pdf

[winner69]

oops the much touted turnaround that was 'gathering momentum' on November 29th has more than stalled

Methven experienced softer than expected trading in December and January in Australasia, partly due to key customer stock reduction programmes. Consequently we now expect our full year net profit after tax result for the year ending 31 March 2014 to be around the same level or up to 10% up on last year’s reported result.

That means that H2 profit is way down on pcp ...... so a short sharp announcement because the details are really just a bad to make any further explanation

[percy]

oops the much touted turnaround that was 'gathering momentum' on November 29th has more than stalled

Methven experienced softer than expected trading in December and January in Australasia, partly due to key customer stock reduction programmes. Consequently we now expect our full year net profit after tax result for the year ending 31 March 2014 to be around the same level or up to 10% up on last year’s reported result.

That means that H2 profit is way down on pcp ...... so a short sharp announcement because the details are really just a bad to make any further explanation

No surprises there.!!! lol.

[Schrodinger]

Avoid this stock at all costs unless they can clearly show that their hardware is better then the Germans, Italians, Swedes, Chinese, Japanese ......

[winner69]

So H2 profit to be down 18% if lower end of their guidance is to be believed

The momentum in the turnaround seems to have run out.

Maybe eps this years 8 cents - will they more than earnings out again this year, when debt not coming down in next 6 months. No doubt they will preserve the 9 cent divie to keep shareholders interested

EPS 8 cents and profits still going to be around what they were 3 years ago and a lot less than 5 years ago - so what a good indication of a share price? A PE of 12 maybe gives a $1. Keep the dividend at 9 cents and maybe $1.25 but cur that dividend back to 7 cents and maybe that $1 in view of increasing interest rates

Good story they keep telling .... but beginning to lack credibility

One knew it was going to be bad news in that announcement just from the heading .... Methven love telling good stories in the headings ... but alas a simple heading 'Full Year Results Forecast"

I think they have stuffed up .... maybe the cat is right with his perceptive comments

[BIRMANBOY]

You've been banging on with the same old, same old for years W69...this cat says MVN is giving me an 11% gross yield every year. What's your perception regards that?

[percy]

You've been banging on with the same old, same old for years W69...this cat says MVN is giving me an 11% gross yield every year. What's your perception regards that?

Dividend must be weighed up against capital growth.While you have enjoyed your dividends,you have lost capital.In fact 16.47% since December 2004.
Had you invested in any of the following you would have enjoyed more modest dividends,however you would rejoice in the capital growth ;EBO 164.87%..POT329.13%..FRE 155.74%..MFT.573% LPC.75.44%..MHI 325%.
In fact had you invested in FRE at issue [$1.60] your dividend 18,8cents per share would work out at 11.75% yield on your invested capital,and you would be rejoicing in the $4.68 share price.
It is worth remembering Warren Buffett's first rule of investing;"do not lose capital."