https://www.nzx.com/announcements/309678
First to go....
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https://www.nzx.com/announcements/309678
First to go....
Yes exactly, and just like your mother and mine told us all those years ago, when you see one cockroach in the kitchen, there is always more.
Bryan Gaynor clearly knows a mess when he sees it and continues to unload, with plenty more to go yet ! https://www.nzx.com/announcements/309695
BP had a very considered and well thought out thesis for investing in Metro. Did plenty of research and even bothered to do a site visit. Only thing wrong was he believed all the stuff in Metro's presentations, in particular I think he was swayed by the reported huge growth over the last 4 to 5 years not grasping that that only covered a half cycle (ie growth from the depths of despair which forced the company into what was essentially receivership to the peak of the current cycle). In reality growth form peak to peak was single digit % pa.
I lalo recall you Mr Beagle saying you though the Annual Report was a pretty good read and this was probably a company going places.
Sad BP hasn't commented on this thread for a few weeks as I would be interested to see if his views have changed much. But good to see that the cheerleader baton has been passed to Head Hunter. Hope he hasn't fallen into the same trap as BP by repeating almost word for word what the company says to convince us that all is honly dory.
About 90 cents is as low as it will go. Even bull... is now probably trading this 'baby' and from here Head Hunter may have the last laugh.