Well, it should be. 31 March is only one month away. They have pretty much known how they have performed in 2nd half year.
Good news.
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1st half EBIT was $14.60M. Full year EBIT is expected between $21m and 24m. Take the lowest 21M, then 2nd half EBIT will be $6.4M. Its EPS is around 1.8C.
1st half EPS 4.2C, 2nd half EPS 1.8C, thus full year EPS 6C, indicate forward PE is 4.5.
But both H2 and FY still less than last year (normalised)
Suppose we still need to believe the story they're putting out.
Dirt cheap eh
Metro do seem one of those unlucky companies and has some unlucky Directors - hope the luck changes or else we might read that glass shipments have been seriously delayed.
F19 EBIT before significant items was $25.2m (down from $30m the year before that)
Now guidance is $21m and $24m. This excludes IFRS and Restructure so is the comparable EBIT before significant items ..comparing apples to apples.
I see that as EBIT before extraordinary items (Metros preferred profit measure) being down on last year (maybe by as much as 17% which is about what it was down in F19 v F18
The new man might be fixing things ....Masefield will be hoping so.
CEO, CFO and two directors accumulating. Share price seems to be holding too on an otherwise bleak day.
http://nzx-prod-s7fsd7f98s.s3-websit...269/317971.pdf
Last time I had some Metro shares were the ones i sold for $2 odd
Thought it a good time to have another go ...so got some at 26/27 the last few days. Not betting the farm but enough to be satisfied when the share price doubles or better
I reckon winner is onto a winner here
From the direct broking site the 30 day MA is just over 26c. The 100 day MA is just under 30c. If MPG happens to trade at 30c (which is only 1c away) its going to be over both the 30 and 100 day MA's.
Does anyone have a quick way of seeing what other NZ shares are still above both MA's? ATM still is but I'm wondering how many others there are.