MPG - Metro Glass

[macduffy]

Now, there's a surprise. MetroGlass issue oversubscribed!

http://www.stuff.co.nz/business/indu...day:dailybrief

[winner69]

Now, there's a surprise. MetroGlass issue oversubscribed!

http://www.stuff.co.nz/business/indu...day:dailybrief

I understand the Aussies were really interested / got sucked in big time

[winner69]

you cant beat a continuation of the 11% pa revenue growth through to September 2015

And EBITDA to grown at 45% pa from FY12 to FY14 and will grow at 22% pa through to FY15

Pretty good eh

Sept NPAT forecast 12 months Sept 15 is $21.2m ..... so a PE of 15 future earnings

That based on NPAT -- not the NPATA that they seem to use in the prospectus

[winner69]

Mike doesn't get it one little bit. Probably wont be putting any Metro in his portfolio. He going to miss out then
http://www.chrislee.co.nz/market-news


Quote

Drafty? – Metroglass Tech (MGT) seems to be in a real hurry to float their shares on the NZX!

It’s almost like someone called in to report a broken window, its cold and the draft is cooling the home rapidly and MGT is on its way and hopes to have the situation resolved by sunset.

The media has reported that the share price will be set at $1.70 (a semantically important 5 cents above the $1.65 minimum) after discussions behind closed doors with institutional investors.

Behind closed doors… recall my comments from last week about the desirable alternative of transparent, all inclusive, public book builds using the easily developed, but steadfastly blocked, online service portals.

The vendor of MGT is…. one moment.. ahh yes, it is another private equity fund: Crescent Capital.

Private Equity ~ capital market development supporters?, leave value on the table?, transparency?

I have a view that MGT owners would be much better at selling opaque windows for a bathroom than clear windows for a sunroom.

Could it be that the marketing pitch for the current share price will include the high volume of building consents in Canterbury and Auckland plus the push to see councils accelerate further development?

What’s the rush?

[nextbigthing]

Wonder how much it cost metro to spam the NZX website with their advertising when you open it?

[Okebw]

Wonder how much it cost metro to spam the NZX website with their advertising when you open it?

I suspect that may come included in the package for any listing on the main board. IKE and Scales both had them last week too

[Harvey Specter]

Wonder how much it cost metro to spam the NZX website with their advertising when you open it?

It would be 'Free' with any listing (which costs heaps).

[winner69]

Solid start to trading.

Latest building consents say plenty of work for next few years

Must be a good investment - hey our beloved Milford have taken a 5% stake.

Should expect steady rise in shareprice from here

[nextbigthing]

Are you in Winner?

[winner69]

Are you in Winner?

Thought it worthwhile to give it a go to see what happens

Should be busy as making sure those targets are met