MPG - Metro Performance Glass

[winner (n)]

Very disappointed in this company. Had the Metro guys here today replacing some faulty panels only to be told that one of our corner unit replacements has a scratch inside the panel.  Its just never ending.

At least this time their staff noticed it before it was glued in place.

Certainly can see why they don't make much money.

So their 5R Solutions (recycling) could be really busy

[winner (n)]

Jeez ...share price 13 cents something ...unbelievable

Even the announcement about a new CFO hasn't helped ....maybe saying he had worked for many years at Steel and Tube made the market jittery.....only joking

[winner (n)]

Masfen and Wells lost patience and going to take control

Wonder how generous they will be?

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/MPG/414827/398621.pdf

[winner (n)]

Hope it all works out for them and put long suffering shareholders out of their misery .......might even get a decent get out of jail card with a 30 cent offer

Wonder if Bain in with them behind the scenes

[ezek22]

Shouldn't the SP go up? I mean... if they are buying the whole company or most of it they will have to offer something better than 15.8? I'm surprised there is not a market halt or something

[winner (n)]

Shouldn't the SP go up? I mean... if they are buying the whole company or most of it they will have to offer something better than 15.8? I'm surprised there is not a market halt or something

Only thinking about it ...yeah right

Share price will go up on speculation takeover more likely now ...how high?

[Cod]

No doubt we will find out the price holders are willing to sell at from the depth, if it disappears up to 30c then we will know.

[ezek22]

ok there is a trading halt

[Cod]

Halted with no offer on the table, just a proposal to work together, bit weird.

[ezek22]

It is lol, I guess they will announce something else

[ezek22]

By the way, I been reading a lot of your comments for years. Nice to meet you all... I am finally able to post. Not being able to convince sharetrader.co.nz that I'm not a bot yet, so I can only read there

[Mysterion]

18 cents

[Arbroath]

trying to buy the company for 18cps is 3.3x ebitda, even 4.0x ebitda is 28cps and far more likely to succeed between 25-30cps...this should be the opening bid as management seem keen to sell Oz unless a better bid comes along

[Shareguy]

After suffering numerous quality issues that just seem to go on and on. I suggest that the company's board and senior management needs a total clean out. Doing the basics the best is what's needed in my opinion. Quality checks at each process with individual sign off for quality accountability.

Sending panel after panel and even installing them with clearly visible damage tells me that their internal quality control is broken.

Why was the damage not picked up in

the factory
when it was loaded on a van
installed in place
rubbers installed

Systemic failures in quality control and poor communication which I think will be widespread.

Selling the profitable Australian business that offers huge growth, to me is an admission that they are unable to trade out of the debt issue.

Maybe the 18 cps might in hindsight be a good deal. The low offer was made for a reason.

Good luck to holders

[winner (n)]

Shareguy .....your 'issues' probably highlights why Metro is in state it is today.

Total lack of control and commitment from top to bottom. Suppose that's how a company goes from being privately owned worth $360m only 16 years ago to being worth $30m today

Chair Peter Griffiths performance at last years ASM was appalling. He and Mander denied things were bad and nothing was their fault.

Time to go back to basics with a new team