Metro the dog ...maybe they need to create a dog walking app and make zillions
Dog Walking App raises $300m
https://techcrunch.com/2018/01/30/on...k-vision-fund/
What a silly world we live in
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Metro the dog ...maybe they need to create a dog walking app and make zillions
Dog Walking App raises $300m
https://techcrunch.com/2018/01/30/on...k-vision-fund/
What a silly world we live in
Only sensible course to take.
I think their chances of raising more capital from shareholders were at the best slim.
Now they have to keep their bankers onside, so they do not loose control of the business.
Looks to me as though it will be a hard road ahead for quiet some time before this business is on stable ground.
The company's previous history leaves me with considerable doubts.
Yes I ran the ruler over it this morning and reached the same preliminary conclusion, no dividends for 3 years minimum, assuming they can make the lower $13.5m 2H EBIT sustainably going forward and I am not sure if that assumption is valid given longer term headwinds. Given the weak first half and even weaker second half and known future competition issues the new CEO has it all ahead of him to turn this ship around. Could be a SPECULATIVE BUY in the 30's somewhere IF one believes the new CEO can make a real difference to this very average company with very challenging future prospects. Going off sentiment on here towards the new CEO and his previous track record I think such a proposed bargain but would be VERY risky.
Can someone tell me when there is going to be a building boom, with lots of demand and opportunity for Metro??
+1. New CEO and his track record is another factor that doesn't give confidence. I am expecting this to plumb share price low's of when Cavalier were at their crisis of going concern confidence (just under 30 cents) but may not be able to be turned around like they appear to have been.
I think this sector (MPG, FBU and STU) is fraught with too must risk to be investable at this point.
Briefing might be good for a laugh or two ...even if only for the broker/fundies dismay
https://quoteapi.com/resources/da986...nt_Details.pdf