MPG - Metro Glass

[Bjauck]

Hi Bjauck, there are handy threads elsewhere for pushing your narrative...

http://www.sharetrader.co.nz/showthr...ghlight=brexit

I was replying to a previous poster. Glass, cladding, safety and regulations are not totally irrelevant to this thread. However I accept your point in relation to Brexit.

[Scrunch]

I won't post on this thread again until they make some announcements. Enjoy the peace

No No No, we need you W69, please come back. This thread needs you

Totally agree ......likewise will admit defeat when proven otherwise.

Phew all is ok with the world - Winner69 is back

[Beagle]

Metro still technically looking very strong. Well above 100 day MA and still trading above 30 day MA. Annual report makes for a good read and talks about growth from recent acquisitions which they're bedding in as well as their Australian acquisition also working on and is performing ahead of expectations. Rome wasn't built in a day, it takes time to get new acquisitions running sweetly. Only a matter of time before they translate their strong top line growth onto bottom line growth in my opinion.
PE of 14 seems fair and reasonable to me, priced about right at present.
Disc: Holding for growth in EPS fuelled by well proven growth in sales.

[Louloubell]

I would have thought that lower numbers of building would create a longer building cycle and also easier to manage for a company like Metro

[bull....]

new incentive scheme announced - is this normal or desparation to make good on there growth story?

[BlackPeter]

new incentive scheme announced - is this normal or desparation to make good on there growth story?

Just stirring or are you really that green to investing ...?

There are hardly any successful listed companies without an incentive scheme - and if you would have gone towards the effort of reading the 3-line announcement before commenting on it you would have noticed that "This LTIP was originally adopted by Metro Glass' Board in February 2016."

Obviously - any incentive schema needs to regularly update its goals and targets. This is what they have done.

[Bjauck]

new incentive scheme announced - is this normal or desparation to make good on there growth story?

I am definitely in favour of LTIPs being available for staff from janitors up (and not just confined to senior managers.) I think it would help the culture of a company.

[bull....]

bearish wedge pattern in the making?

[BlackPeter]

bearish wedge pattern in the making?

You want to share with us how you fit into the current trend chart the "rising wedge" you appear to see? Just draw the confining lines for us - will you?

Attachment 9074

Just to help you - here would be an example of a (bearish) rising wedge (from investopedia):

risingWedge.JPG

http://www.investopedia.com/universi...ts/charts7.asp

[winner69]

....could be the thin edge of the wedge