They're all good with Tasmania. I suspect real estate prices there are going to rocket after the smoke finally clears. Maybe a good place for a retirement village ?
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Over 37,000 consents for new homes last 12 months
Highest level since 1974
Metro must be creaming it and going to do even better next year
Anybody notice they no longer produce that chart showing NZ sales to consents for new homes (strong correlation once)
You could buy the ones you sold at $2 back and have a free ride on previous profits. Some people reckon this free ride investment methodology means you can't lose :)
Hey Davexl & Winner69
The re-org reserve (as I understand it) is the difference between the cost of purchasing a subsidiary company and the net assets of the subsidiary.
So recognised to record the difference between the amount paid to acquire thePre-IPO Metroglass and the share capital of Metro Glass Limited.
Not sure if this actually helps understand the financial statements any better. I would have expected the reserve to roughly match the intangible assets...? Hmm
Currently happy to be buying into MPG at the moment.
At current prices a P/E of ~3.5. Profitable NZ operation (which is 80% of revenues). They have been reducing debt and have ~$60 Million in property, plant and equipment. All for a market cap of $49 million
On the downside they still have too much debt, possible incoming competition and hopeless Australian operation dragging them down.
Happy to hold my nose and buy up at these levels.
This stock is a screaming buy on most measures. $8m net profit in 2019 on a company valued at $50m.
Interest costs coming down by maybe a million in 2020.
Got some nasty Oz writedowns to come which will halve the net profit in 2020 ($4m estimated costs), but this looks more than fully imputed into the share price. The consolidation in new south wales complete by March 2020. They are taking action to stop the bleeding in Oz.
Down to $26c per share now! Pricing in armeggeddon and far more sellers than buyers. whos got the balls?
Long and wrong on this one.
Everyone holding off (including Bain & FBU) as APL is going to be providing serious competition from March this year when Stage 1 goes into operation.
Then there’s stages 2 & 3.
Try modelling a halving of margins if not more.
got a link to anything on APL?