annual report out: https://www.nzx.com/announcements/324548
all looks very glossy.....including three consecutive photo-pages dedicated to a lady enjoying a shower(??)
non-holder, but might have a little flick through later today
question I have is; how sustainable is the new growth? where is the competitive advantage?
can products be reverse engineered by other companies overseas and produced/sold off cheaper?
could trend similar to F&P appliances I guess? ......trends & innovation is crucial though.
people specially ship in Italian tiles for their bathrooms. would they do the same for some stylish NZ tap-ware?
Over the years MVN have talked the talk,but never been able to walk the walk.
This past year's performance has been a cracker.Doing what they said they would do.
Their shower experience is out standing,and is a competitive advantage.I would hope patents give them protection.
Their outlook is very positive and a trading update will be given at the agm on 31st October..
Their divie went into my a/c today.
$600,000 new investment going to disrupt world plumbing supplies.
Just as well I am a shareholder or I would have said "yeah right."
But red and green showers will be so cool ...and might disrupt world plumbing
Good they got Jacinda and heaps others there for the announcement .... that should improve business confidence
What was said This activity forms part of a longer term investment plan in New Zealand manufacturing that we believe will enable us to disrupt the global plumbing industry from New Zealand, create jobs that don’t exist today and give us an agile, capital light platform to better reflect emerging customer needs and deliver superior returns for our shareholders.“
Last edited by winner69; 03-10-2018 at 11:43 AM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
GWA.$1.60 plus 5 cent divie.
Now that is a pleasant surprise.
Amazing return for those who jumped on board below 110 in August after that last results announcement
Shane to see them leave the bourse ....always good reading their presentations even with a lot of derision
Percy me old mate .....Who would have thought that one would get such a windfall from such a dog company in such a short time.
Lesson to all .....one should not always be led by past perceptions and totally reject investing/speculating on dog stocks. Sometimes tigers can change their stripes or whatever the saying is
Good stuff as another old NZX stock leaves ....Mercer next ha ha
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Originally Posted by winner69
Reply With Quote
Bookmarks