OK - must soon be time to buy EVO then ......
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nice bounce for this dog lol
20. April:
31. May:
today:
Yeah - didn't your impeccable analysis tell us around 130 that MPG is ways overvalued? Look bull, maybe you should rename yourself to "bear" or alternatively take some basic lessons in how to research stock ...
It sort of sounds however you have some personal grievance with them ... why don't you tell us about your real agenda?
Wonder if those building consent numbers on Monday (down 7% on ocp) isthe reason for the 5% drop in MPG share price this week
Nah, just coincidence
Metro love showing the chart below. They say NZ revenues tied to building consent numbers with a 9 month lag - the chart says it all
So the annual number of consents as at June 17 should be a reasonable indoicator of what NZ revenues might be for F18 (allowing for the lag)
Calculating it (based on data from 2012) suggests NZ revenue growth will be about 1.0% in F18. A quick and simople way would be to assume that as consents might be up 4.7% the revenues will be up 4.7%
Both myself and t_rexjr reckon the consents over the next 12 months will be less than what they are now. If we are right Metro NZ revenues will decline in F19
Can Metro be called a growth stock
Just saying