GWT gwa international limited

Sold ALK finally. Can't stand the excitement with a hangover (I...

  1. cyw
    3,376 Posts.
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    Sold ALK finally. Can't stand the excitement with a hangover (I bet the directors knew about this gold stuff back in Nov). Bought them at 22c after selling some Amcor late Nov. As the market is likely to be boring in the next week or two, I figure I'll buy something that I don't have to watch all the times.
    GWA International sells toilets. I can't think of anything else more boring than this. With the property development boom continuing and bathrooms tend to go into buildings last, GWT may be enjoying a good trading season.
    The company is worth $714m with a PE of 15.3 and last year paid a fuly franked dividend of 14.5c (5.6%).
    While I don't expect them to find gold in the toilets (so no 75% gain), it just broke out of a resistance @2.50 and hopefully with a good announcement about good sales figures in the new year, it may get to $2.80 or so.
    Hope the attached chart works.
    Have a happy and safe X'mas and may the market never falls next year.

 
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