Will gladly buy a few if it creeps into mid 40s.
So glad I got spooked by the wording in the fy17 AR when it was a £1 higher.
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Will gladly buy a few if it creeps into mid 40s.
So glad I got spooked by the wording in the fy17 AR when it was a £1 higher.
Sp action as ugly as sin
Would I be right in thinking that a goodwill impairment to realistic levels would get them in a bit of strife with the financiers and bring compliance with NZX into question?
I reckon some of you are a bit mean spirited in writing Metro off completely so quickly ...some to the extent of almost calling their total demise.
This business has essentially been operating for well over 50 years (maybe even longer). It’s always been the market leader and has seen off the competition in all those years. Some old competitors no longer exist and some new entrants have come and gone.
Viridian (once Pilkingtons) been around a while. The great CSR bought them and were going to kill the likes of Metro. Metro won that battle and Viridian after never making much money have apparently been put up for sale.
A new entrant will no doubt have some impact on Metro but possibly not to the extent you guys think. Glass guys are pretty resilient - just count how many fingers they’ve lost.
Worst thing going for Metro is thats it’s listed company and shareholders (esp fund managers) being the impatient greedy lot they are maybe will hinder their efforts in fighting off this new entrant.
Agreed metro is a fairly successful business. Was just sold as something it isn’t. That said large uncertainty coming.
I am guessing the ex CEO is still holding his chunk of 5.1M shares and he is not part of this carnage- I mean dumpling some last week. That can be seen as a positive... and if he is selling then there is an issue here...so far no SSH notices...