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).
In case you have not seen it, quite interesting to watch Four...
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$2.47 |
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Mkt cap ! $93.06M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 1 | 2493 | $2.47 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.48 | 4019 | 2 |
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