tough gig to be CFO at a skint company... fair enough to bail.
Interesting couple of years coming up for MPG.. can they sell the AGG for any decent coin, can the recent price rises offset any reduction in volume as less houses get built.....
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tough gig to be CFO at a skint company... fair enough to bail.
Interesting couple of years coming up for MPG.. can they sell the AGG for any decent coin, can the recent price rises offset any reduction in volume as less houses get built.....
Nice steady 12 months slope .. wasn't the 30c mark when there was glimmer of something
better and possible sniff of a divie around a few corners ? ;)
Share price still sinking to new lows ……14.5 cents now
Close at 14.1 cents
Surely receivers/administrators not going in tomorrow. That’s how it seems to be priced at the moment
All the speculation of ‘corporate activity’ of a few months ago seems to have dissipated
Wonder how sale of Oz business going?
Well, they still seem to pay the fee for their webpage: https://metroglass.co.nz/ - and looking flash.
and they have heaps of open jobs: https://metroglass.co.nz/careers/ - so I suspect its not lack of work pulling them down?
Just looking at the latest (HY report) - ok. already stone old, but new numbers come only end of this month:
Total assets: $286m (of them $56m intangible)
total liabilities: $196m (luckily only $71m interest bearing)
Net assets: $90m (all numbers rounded)
and yes, current market cap: $26m;
Hmm.
Yes, will be interesting to hear how the Australian divestment is going ... if not a CR might be in the cards, depending on how long the banks are happy with this market cap?
2 for 1 at 10 cents?
Maybe they should have done the job a year ago - at that stage SP was still twice of what it is today.
I guess May 29th we all will be a bit wiser ...
and all this on an NTA of $0.182 .. if we presume NZX have it right ? ;)