MPG - Metro Performance Glass

Minimoke · Feb 25, 2026, 12:32 PM

Quote from: winner (n) on Feb 25, 2026, 12:25 PMIPO'd at $1.75 lol

Jeepers. Currently trading at 3.9 cents!

Jay · Feb 25, 2026, 12:43 PM

I think the new share price will around $1.56 not $15

winner (n) · Feb 25, 2026, 12:49 PM

Did my sums wrong lol ... decimal point in wrong place

Post consolidation $1.56

Below IPO price still?

Reckon My Food Bag will do this one day

winner (n) · Mar 13, 2026, 03:45 PM

Metro done some wonderful stuff lately but things stil not going to expectations ....basically break even by looks of it.

At least breakeven better than a loss

https://announcements.nzx.com/attachment/464524.pdf

BlackPeter · Mar 13, 2026, 04:00 PM

Quote from: winner (n) on Mar 13, 2026, 03:45 PMMetro done some wonderful stuff lately but things stil not going to expectations ....basically break even by looks of it.

At least breakeven better than a loss

https://announcements.nzx.com/attachment/464524.pdf

Interesting - some years ago I had a chat with Mark Malpass (STU) and we talked at that stage about MPG (with MPG and STU sharing some resources in Christchurch).

At that stage STU was doing ok-ish and MPG was doing really bad. Who knows, maybe things are starting to change ...

But hey - manybe they both are going to pass the bottom and prepare for an amazing future?

winner (n) · Mar 13, 2026, 04:21 PM

Outrageous expectations/guidance given September

Said expect full year sales to be up 8% ..implying say $232m ..bear in mind they knew what H1 sales were

Today they sales going to be 9% below that expectation

Means H2 sales will be about 17% below expectations ...in spite of the green shoots that were appearing lol

Not very good at guessing what's going to happen are they .....17% a big miss eh

Shareguy · Mar 13, 2026, 04:23 PM

I see since the share consolidation the SP is in a downtrend. Have MPG sorted out their quality issues is the question. If they have not I would be running for the hills.

Greekwatchdog · Mar 13, 2026, 05:00 PM

Quote from: Shareguy on Mar 13, 2026, 04:23 PMI see since the share consolidation the SP is in a downtrend. Have MPG sorted out their quality issues is the question. If they have not I would be running for the hills.

I reckon there will be another CR so they can pay the debt and has some cash to splash.

Still doesnt change a thing operationally for the business.

They have lost there major customer which was over 50% of the business and cant get any of it back as they manufacturer their own glass (APG)

To many execs taken big fat salaries