This years earnings looking good Up 15% to 25% on last years. Good
Going to increase sales from $96m now to $130m in 2018, and target 10% profit margin.
Pretty good eh
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This years earnings looking good Up 15% to 25% on last years. Good
Going to increase sales from $96m now to $130m in 2018, and target 10% profit margin.
Pretty good eh
NPAT targeted to go from $5.7m to $13m in 3 years time .....thats some growth
Current PE of 14 not quite 'value' but heck 30%pa anticipated growth is tempting
Umm
Astonishing.!!!!!
Yet I am left feeling as though I have just had a cold shower.!
Pity the revenue has stayed the same while the debt has gone up.
Yes and no - depends whether they manage to turn talk into reality ...
Just looked into my wee database ... MVN used to have $130 m revenue back in 2010. If (and I think this is still a big IF) they manage to claw back all those revenue drops since then ... than MVN will have in 2018 a 8 yr CAGR of ZERO percent (vs a negative 6% at current back to 2010). A true growth company.
But hey ... I shouldn't be too cynical - I am holding myself (the divvie is not too bad, and it never felt like a good time to sell). Nice that they at least try to change the trend.
Hey Percy .... I see we are in the 'Silver Society" now
Sure was an impressive presentation and look at those numbers - $13m in 2018
What can one make out of it - maybe lots
Lets assume 5 outcomes -
1.- it all goes to plan and that $13m happens
2.- above but the market is in raptures and rerates Methven, ie a higher PE
3.- sort of goes to plan but they only get half way there
4.- its all pretty pictures and nice words and Methven struggle on as usual
5.- another GFC hits and it all turns to custard
Possible outcomes in graphic. Shows Total Shareholder Return over the 3 years and I have assigned some odds to each scenario
Could get a return of 42% pa over 3 years or lose 6% over the three years. But based on the odds I have assigned to each scenario an expected return of 20%pa
Bloody good eh
But then some of you might assign 90% to scenario 4 which ruins the story
Hmmm - have I been seduced
percy - have a look at the spanking new HQ on page 55
you love posh offices for the head honchos eh
percy - slide 38 again
multi-generational and shared living going to the way of the future
told you the kids and grandkids would come to grandpa