Reported Earnings • May 28
Full year 2026 earnings released: NZ$0.06 loss per share (vs NZ$2.91 loss in FY 2025) Full year 2026 results: NZ$0.06 loss per share (improved from NZ$2.91 loss in FY 2025). Revenue: NZ$208.2m (down 2.7% from FY 2025). Net loss: NZ$939.0k (loss narrowed 93% from FY 2025). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings. New Risk • Mar 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of New Zealander stocks, typically moving 7.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.2% average weekly change). Shareholders have been substantially diluted in the past year (431% increase in shares outstanding). Minor Risk Market cap is less than US$100m (NZ$29.8m market cap, or US$17.6m). Board Change • Jan 17
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Director Julia Mayne is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 27
First half 2026 earnings released: EPS: NZ$0.01 (vs NZ$0.027 loss in 1H 2025) First half 2026 results: EPS: NZ$0.01 (up from NZ$0.027 loss in 1H 2025). Revenue: NZ$108.0m (down 5.3% from 1H 2025). Net income: NZ$2.87m (up NZ$7.90m from 1H 2025). Profit margin: 2.7% (up from net loss in 1H 2025). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 36% per year, which means it is performing significantly worse than earnings. Board Change • Oct 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Director Julia Mayne is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 29
Metro Performance Glass Limited Approves the Election of Stephen Robertson as Director Metro Performance Glass Limited announced that at its AGM held on September 29, 2025, the shareholders approved the election of Stephen Robertson as Director. Recent Insider Transactions • Sep 25
Independent Non-Executive Director recently bought NZ$96k worth of stock On the 22nd of September, Pramod Khatri bought around 2m shares on-market at roughly NZ$0.048 per share. This trade did not impact their existing holding. In the last 3 months, there was an even bigger purchase from another insider worth NZ$320k. Insiders have collectively bought NZ$416k more in shares than they have sold in the last 12 months. New Risk • Sep 19
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 431% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Shareholders have been substantially diluted in the past year (431% increase in shares outstanding). Minor Risk Market cap is less than US$100m (NZ$47.2m market cap, or US$27.7m). Announcement • Sep 01
Metro Performance Glass Limited Announces Management Changes Metro Performance Glass Limited previously announced Steve Hamer's retirement from his role as CEO of AGG at the end of September. The company advise that Steve will continue to work for the business part-time as a Strategic Advisor. He will work with Simon Bennett as company look at future growth opportunities. The company announced the appointment of Jason McGrath, currently the AGG CFO, as his replacement in the role of Country Manager, which mirrors the appointment of a Country Manager role in NZ. Jason is a seasoned executive, with a strong commercial background. He was part of the AGG turnaround in his role as CFO in his 8-year tenure with the business. The company are delighted to have been able to make an internal appointment for this crucial role. Jason will report directly to Simon Bennett, who has effectively been leading the business in his role as Executive Director since May of last year. As signaled the board is appointing Simon to the role of Managing Director, which reflects the role he has been doing and gives continuity and leadership to the business as it consolidates the capital changes, and the business turnaround. Simon's appointment is effective immediately. Announcement • Aug 15
Metro Performance Glass Limited, Annual General Meeting, Sep 29, 2025 Metro Performance Glass Limited, Annual General Meeting, Sep 29, 2025. Location: auckland New Zealand Announcement • Aug 11
Metro Performance Glass Limited has filed a Follow-on Equity Offering in the amount of NZD 8.898148 million. Metro Performance Glass Limited has filed a Follow-on Equity Offering in the amount of NZD 8.898148 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 296,604,938
Price\Range: NZD 0.03
Transaction Features: Rights Offering Announcement • Jun 05
Metro Glass Announces Clarification of Viridian NZ Bidco's Commerce Commission Clearance Application The NZ Commerce Commission has on 5 June 2025 published an application by Viridian NZ BidCo Limited (a company managed by Crescent Capital) for clearance to acquire Metro Performance Glass Limited. Without commenting on the merits of the application or detailing all of the issues contained within, Metro considers that a number of the statements and implications in the application offer a misleading view of the glass industry in New Zealand, as well as Metro's own position and outlook. In addition, a considerable number of specific claims and statements made in the application are not consistent with Metro's own data and industry feedback. It is also noteworthy that the applicant ignores the significant contribution and positive outlook of Metro's Australian subsidiary AGG. As announced on 28 February, Metro's directors remain of the view that it is not in the interests of the company or shareholders to engage with Crescent on its highly conditional proposal for the reasons then outlined. Reported Earnings • May 28
Full year 2025 earnings released Full year 2025 results: Revenue: NZ$213.9m (down 11% from FY 2024). Net loss: NZ$13.5m (loss narrowed 51% from FY 2024). Announcement • May 27
Metro Performance Glass Limited Confirms Earnings Guidance for the Fiscal Year 2026 and Provides Earnings Guidance for the Fiscal Year 2027 and 2028 Metro Performance Glass Limited confirmed earnings guidance for the fiscal year 2026 and provided earnings guidance for the fiscal year 2027 and 2028. The company believe the company can achieve a sustainable return to profitability in continuing challenging conditions. As previously provided, the company confirmed future outlook as follows: Fiscal year 2026 Revenue is budgeted to increase by c.8% to c.$232 million, with a continued reduction in operating costs. Pre-IFRS 16 EBIT before significant items of c.$8.5 million (post-IFRS 16 EBIT of c.$13 million).
Looking further out, the company's indications show growth in fiscal year 2027 and fiscal year 2028, with revenue forecast to increase to c.$243 million in fiscal year 2027.
Revenue forecast for fiscal year 2028 to be $254 million. New Risk • May 23
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of New Zealander stocks, typically moving 9.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.1% average weekly change). Market cap is less than US$10m (NZ$10.2m market cap, or US$6.07m). Announcement • Apr 10
Metro Performance Glass Limited to Report Fiscal Year 2025 Results on May 23, 2025 Metro Performance Glass Limited announced that they will report fiscal year 2025 results on May 23, 2025 Announcement • Mar 11
Metro Performance Glass Limited Announces Organizational Change and Director Appointment Metro Glass announced the appointment of Nick Hardy-Jones to the newly created role of NZ Country Manager and the pending appointment of Steve Hamer to the Metro Group Board as a non-executive director. Over the past few years, structure and the leadership of AGG in Australia has been very effective and this has been ably led by Steve Hamer Australian CEO. Steve has indicated his intention to retire from this role in September 2025 and will join the board at that time. The Board has determined that Steve will be a non-independent director. Steve is an Electrical Engineer with Advanced Management training from Harvard University. Steve has spent 40 years in the steel industry running a range of distribution and manufacturing businesses, culminating in being the Chief Executive of OneSteel. Steve also has New Zealand board governance experience serving previously as a non-executive director of Steel and Tube Holdings Limited. The company expects to appoint an Australian Country Manager to succeed Steve in the coming months. In New Zealand, a new national position of Country Manager has been created and announced that Nick Hardy-Jones will assume this position immediately. Nick will report directly to Executive Director Simon Bennett, focusing on leading the New Zealand business and supporting the leadership team in implementing the revised business strategy. Based in Christchurch, Nick will split his time between the North and South Island to ensure he maintains oversight of nationwide operations. He's looking forward to extending his leadership approach across all of New Zealand. Nick joined Metro in 2016 and has spent the last nine years developing strong industry and glass processing knowledge. Nick was promoted to South Island General Manager in 2021, growing EBIT profitability by 26%, showcasing his commercial expertise and strategic vision. He has built a solid leadership team reflecting his strong commitment to workplace safety and operational standards. This `mirrored' structure of Country Managers in both New Zealand and Australia will be crucial in embedding and driving forward operational improvements and turnaround strategy. The Country Managers will have a clear focus on generating consistent profit and cash through delivering a high quality and high service offer to customers. Announcement • Dec 19
Ccp Vi Bidco (Nz) Limited proposed to acquire Metro Performance Glass Limited (NZSE:MPG) for NZD 14.9 million. Ccp Vi Bidco (Nz) Limited proposed to acquire Metro Performance Glass Limited (NZSE:MPG) for NZD 14.9 million on December 16, 2024. A cash consideration valued at NZD 8 per share will be paid by Ccp Vi Bidco (Nz) Limited.
The transaction is subject to approval by Overseas Investment Office, approval of merger agreement by Metro Performance Glass Limited board, approval of offer by Ccp Vi Bidco board, consummation of due diligence investigation and subject to Commerce Commission approval. Reported Earnings • Dec 01
First half 2025 earnings released: NZ$0.027 loss per share (vs NZ$0.05 loss in 1H 2024) First half 2025 results: NZ$0.027 loss per share (improved from NZ$0.05 loss in 1H 2024). Revenue: NZ$114.1m (down 12% from 1H 2024). Net loss: NZ$5.03m (loss narrowed 46% from 1H 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance. Announcement • Nov 11
Metro Performance Glass Limited Announces Chief Financial Officer Changes Metro Performance Glass Limited announced the appointment of Sarah Hipkiss to the role of CFO, effective 20 January 2025. She will replace Tony Candy who has filled the role since August of last year. Tony will continue in the business until early next year, allowing a good handover to Sarah. Sarah has a strong financial background commencing in audit with KPMG Auckland, transferring to London and then promoted to Partner in the Auckland office. Her commercial leanings saw her move to NZX listed Cavalier Corporation as CFO and continued to NZ manufacturer The Comfort Group. She is excited by the challenge of returning to a manufacturer with the scale of Metro and joining the leadership team as the company
implements it's business turnaround. Announcement • Jul 23
Metro Performance Glass Limited, Annual General Meeting, Sep 26, 2024 Metro Performance Glass Limited, Annual General Meeting, Sep 26, 2024. Location: auckland New Zealand Reported Earnings • May 29
Full year 2024 earnings released: NZ$0.15 loss per share (vs NZ$0.057 loss in FY 2023) Full year 2024 results: NZ$0.15 loss per share (further deteriorated from NZ$0.057 loss in FY 2023). Revenue: NZ$239.3m (down 9.2% from FY 2023). Net loss: NZ$27.5m (loss widened 161% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. New Risk • May 02
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: NZ$16.7m (US$9.94m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.4% average weekly change). Market cap is less than US$10m (NZ$16.7m market cap, or US$9.94m). Board Change • Apr 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Julia Mayne is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 02
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Chair Peter Griffiths is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Dec 11
Metro Performance Glass Limited Announces Board Appointments Metro Performance Glass Limited announced that Mr. Simon Bennett and Mr. Pramod Khatri have been appointed non-executive directors of the Board, with effect from 11 December 2023. Simon is an experienced CEO, entrepreneur, and company director. Simon was previously the CEO of Accordant Group which encompassed numerous recruitment businesses. He had previously worked in retail and manufacturing. Simon's current directorships include The Icehouse, Hobson Leavy, Chair of Accordant group, and trustee of the International Centre for Entrepreneurship Foundation. Simon is a member of the institute of directors and a former member of the government's Future of Work committee. Pramod was previously Managing Director and majority shareholder of McKechnie Aluminium Solutions Limited for over 20 years. McKechnie is a manufacturer and supplier of aluminium products supplying both NZ and Australian markets. Prior to this he has held senior management roles in the New Zealand dairy, roading & construction, and manufacturing sectors. Pramod is the Chair of Christchurch based AW Fraser Limited and a trustee of a New Plymouth based charitable trust. He is a Fellow of the New Zealand Institute of Chartered Accountants, has a Bachelor of Commerce and an MBA from University of Otago and is a Member of the Institute of Directors. The appointment of Simon and Pramod to the Metro Performance Glass board takes the number of directors to six. Reported Earnings • Dec 01
First half 2024 earnings released: NZ$0.05 loss per share (vs NZ$0.003 profit in 1H 2023) First half 2024 results: NZ$0.05 loss per share (down from NZ$0.003 profit in 1H 2023). Revenue: NZ$130.2m (down 5.7% from 1H 2023). Net loss: NZ$9.23m (down NZ$9.86m from profit in 1H 2023). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Announcement • Nov 09
Metro Performance Glass Limited Announces the Resignation of Mark Eglinton as Non-Executive Director of the Board, Effective 10 November 2023 Metro Performance Glass Limited announced that Mr. Mark Eglinton has tendered his resignation as Non-Executive Director of the Board, effective 10 November 2023. After 3 years on the Metro Performance Glass Board, Mark is stepping down to balance his existing executive commitments. Announcement • Nov 03
Metro Performance Glass Limited to Report Q2, 2024 Results on Nov 29, 2023 Metro Performance Glass Limited announced that they will report Q2, 2024 results at 8:30 AM, NZST - New Zealand Standard on Nov 29, 2023 Announcement • Oct 24
Metro Performance Glass Limited Appoints Shawn Beck as Non-Executive Director of the Board, Effective from 1 November 2023 Metro Performance Glass Limited announced that Mr. Shawn Beck has been appointed a non-executive director of the Board, with effect from 1 November 2023. The board has deemed Shawn to be an independent director for the purposes of the NZX Listing Rules. Shawn is an accomplished company director with experience across a range of industries including manufacturing, retail, transport and tourism. Shawn was a co-founder of Pencarrow Private Equity. He has represented Pencarrow on many company boards, including several publicly listed companies. Currently Shawn is active as a company advisor and is the founder of FMCG business, Skinny Fizz. Shawn's appointment to the Metro Performance Glass board takes the number of directors to five. New Risk • Oct 19
New major risk - Revenue and earnings growth Earnings have declined by 9.4% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 9.4% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.5% average weekly change). Market cap is less than US$100m (NZ$25.4m market cap, or US$14.9m). Announcement • Jul 24
Metro Performance Glass Limited Announces Resignation Rhys Jones as Director Metro Performance Glass Limited announced that Mr. Rhys Jones has tendered his resignation as Director of the Board, with immediate effect. Mr. Jones has been an independent Director since 2018. In accordance with the Metroglass Board Charter and Code of Ethics, Mr. Jones declared his interests shortly after he was appointed, including his role as Chief Executive Officer of Vulcan Steel Ltd. He is resigning now to avoid any perception of a conflict of interest as Takutai Limited is a substantial shareholder in both Vulcan Steel Ltd. and Metroglass. As is usual practice, the Metroglass board had established a sub-committee for the purpose of managing the announced sale process of AGG. The committee has also led the board's response to the recent unsolicited proposal from Takutai Limited and Masfen Securities Limited. Mr. Jones has not been a member of that sub- committee. Recruitment for a replacement Director has begun, and further details will be announced in due course. New Risk • Jul 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of New Zealander stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Market cap is less than US$100m (NZ$28.9m market cap, or US$18.0m). Announcement • Jun 21
Metro Performance Glass Limited Announces Chief Financial Officer Changes, with Effect from August 14, 2023 Metro Performance Glass announced the appointment of Tony Candy as Group Chief Financial Officer commencing August 14, 2023. Tony has held various CFO and leadership positions in a career than spans more than 30 years, where from 1992 to 2011 he was the CFO of Steel & Tube. Since then, Tony spent time as the CEO of Atlas Specialty Metals Limited and CFO of the Motor Trade Association. Tony is a Chartered Accountant and holds a Bachelor of Commerce and Administration in Accounting from the Victoria University of Wellington. Current CFO, Brent Mealings will continue in the business until late July to ensure a smooth transition. Announcement • Jun 06
Metro Performance Glass Limited, Annual General Meeting, Aug 01, 2023 Metro Performance Glass Limited, Annual General Meeting, Aug 01, 2023. Reported Earnings • May 30
Full year 2023 earnings released Full year 2023 results: Revenue: NZ$263.5m (up 12% from FY 2022). Net loss: NZ$10.5m (loss widened NZ$10.1m from FY 2022). Revenue is expected to decline by 3.2% p.a. on average during the next 2 years, while revenues in the Global Building industry are expected to grow by 5.7%. Price Target Changed • Jan 24
Price target decreased by 17% to NZ$0.39 Down from NZ$0.47, the current price target is provided by 1 analyst. New target price is 111% above last closing price of NZ$0.18. Stock is down 47% over the past year. The company posted a net loss per share of NZ$0.0025 last year. Reported Earnings • Dec 01
First half 2023 earnings released First half 2023 results: Revenue: NZ$138.1m (up 18% from 1H 2022). Net income: NZ$634.0k (up 51% from 1H 2022). Profit margin: 0.5% (up from 0.4% in 1H 2022). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Global Building industry. Announcement • Nov 18
Metro Performance Glass Limited Provides Earnings Guidance for the First Half of Fiscal Year 2023 Metro Performance Glass Limited provided earnings guidance for the first half of fiscal year 2023. The company expects group EBIT for the first half of fiscal year 2023 to be circa $5.6 million. Announcement • Nov 01
Metro Performance Glass Limited to Report Q2, 2023 Results on Nov 29, 2022 Metro Performance Glass Limited announced that they will report Q2, 2023 results at 8:30 AM, NZST - New Zealand Standard on Nov 29, 2022 Reported Earnings • May 31
Full year 2022 earnings released Full year 2022 results: Revenue: NZ$236.1m (up 1.6% from FY 2021). Net loss: NZ$459.0k (down 105% from profit in FY 2021). Over the next year, revenue is forecast to grow 11%, compared to a 12% growth forecast for the industry in New Zealand. Price Target Changed • Apr 28
Price target decreased to NZ$0.47 Down from NZ$0.52, the current price target is provided by 1 analyst. New target price is 65% above last closing price of NZ$0.28. Stock is down 26% over the past year. The company is forecast to post a net loss per share of NZ$0.001 compared to earnings per share of NZ$0.046 last year. Announcement • Apr 12
Metro Performance Glass Limited Appoints Jenn Bestwick as Non-Executive Director, Effective 1 May 2022 Jenn Bestwick will join as a non-executive director of Metro Performance Glass Limited with effect from 1 May 2022. The board has deemed Jenn to be an independent director for the purposes of the NZX Listing Rules. Jenn is the Chair of Tonkin + Taylor Group Limited, Chair of the Tertiary Education Commission, and holds directorships for Invercargill City Holdings Limited and Antarctica New Zealand. Announcement • Apr 04
Metro Performance Glass Limited Announces Resignation of Angela Bull as A Non-Executive Director of the Board Metro Performance Glass Limited announced that Angela Bull has tendered her resignation as a Non-Executive Director of the Board, effective 4 April 2022. Recruitment for a replacement Director has begun, and further details will be announced in due course. Buying Opportunity • Mar 31
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be NZ$0.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.1% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 11% in 2 years. Earnings is forecast to grow by 350% in the next 2 years. Price Target Changed • Mar 31
Price target decreased to NZ$0.47 Down from NZ$0.52, the current price target is provided by 1 analyst. New target price is 57% above last closing price of NZ$0.30. Stock is down 19% over the past year. The company is forecast to post a net loss per share of NZ$0.001 compared to earnings per share of NZ$0.046 last year. Announcement • Feb 21
Metro Performance Glass Limited Provides Earnings Guidance for Year Ending March 31 2022 Metro Performance Glass Limited provided earnings guidance for year ending March 31 2022. For the year, company expects EBIT to be $6.0 million to $7.0 million. Announcement • Feb 04
Metro Performance Glass Shares to Be Deleted from Other OTC Metro Performance Glass Limited Shares (New Zealand) will be deleted from Other OTC effective from February 04, 2022, due to Inactive Security. Executive Departure • Aug 09
Independent Non-Executive Director Russell Chenu has left the company On the 5th of August, Russell Chenu's tenure as Independent Non-Executive Director ended after 7.1 years in the role. As of March 2021, Russell still personally held only 25.00k shares (NZ$9.4k worth at the time). Russell is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.21 years. Price Target Changed • May 24
Price target increased to NZ$0.57 Up from NZ$0.49, the current price target is provided by 1 analyst. New target price is 36% above last closing price of NZ$0.42. Stock is up 151% over the past year. Reported Earnings • May 22
Full year 2021 earnings released The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: NZ$232.3m (down 8.9% from FY 2020). Net income: NZ$8.54m (up NZ$86.4m from FY 2020). Profit margin: 3.7% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Announcement • May 21
Metro Performance Glass Limited Intends to Resume Dividend Payments for Fiscal 2022 Metro Performance Glass Limited announced that board's current intention is to resume dividend payments alongside the company's fiscal 2022 interim results. The company expects to pay fully imputed dividends of between 50% and 70% of net profit after tax before significant items. As is usual when declaring a dividend, the Board will consider a range of factors including group financial performance, one-off or nonrecurring events, prevailing and anticipated business and economic conditions. Is New 90 Day High Low • Feb 26
New 90-day low: NZ$0.38 The company is down 3.0% from its price of NZ$0.39 on 27 November 2020. The New Zealander market is also down 3.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Building industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NZ$1.18 per share. Price Target Changed • Nov 25
Price target raised to NZ$0.41 Up from NZ$0.36, the current price target is an average from 2 analysts. The new target price is close to the current share price of NZ$0.41. As of last close, the stock is up 34% over the past year. Reported Earnings • Nov 24
First half 2021 earnings released: EPS NZ$0.041 The company reported a soft first half result with weaker earnings and revenues, although profit margins were improved. First half 2021 results: Revenue: NZ$117.0m (down 14% from 1H 2020). Net income: NZ$7.56m (down 2.0% from 1H 2020). Profit margin: 6.5% (up from 5.6% in 1H 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 123% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 12
New 90-day high: NZ$0.39 The company is up 88% from its price of NZ$0.20 on 14 August 2020. The New Zealander market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NZ$0.79 per share. Is New 90 Day High Low • Oct 27
New 90-day high: NZ$0.36 The company is up 71% from its price of NZ$0.21 on 29 July 2020. The New Zealander market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NZ$0.79 per share. Announcement • Oct 14
Metro Performance Glass Limited to Report First Half, 2021 Results on Nov 23, 2020 Metro Performance Glass Limited announced that they will report first half, 2021 results on Nov 23, 2020 Announcement • Sep 26
Metro Performance Glass Limited to Be Deleted from Other OTC Metro Performance Glass Limited’s Registered Shares O.N. (New Zealand) will be deleted from Other OTC effective September 22, 2020. The deletion was due to Inactive Security. 
