In case you have not seen it, quite interesting to watch Four Corners (17/7/23) : "House of cards : inside the broken business of building".
A good reminder regarding the level of risk in this sector.
2 elements in particular :
- very low margin in this sector (the average net margin seems to be around 2 %; Metricon CEO confirmed that it is the margin of his company),
- mid 22, Metricon was in deep financial trouble and required a capital increase of 80 m AUD.
In this difficult period, Tamawood has proved that it is quite resilient :
- unlike Metricon and Simonds, they did not require a recapitalization,
- Tamawood has quite good net margin versus the rest of the sector (their net margin was 4.3 % on average during the past 5 years).
Ann: Annual Report to shareholders, page-14
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add TWD (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.78 |
Change
0.110(4.12%) |
Mkt cap ! $104.7M | |||
| Open | High | Low | Value | Volume |
| $2.67 | $2.79 | $2.67 | $2.846K | 1.048K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2919 | $2.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.80 | 2778 | 1 |
View Market Depth
| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| TWD (ASX) Chart |