@rcs1359 @Newbietrader123 I posted this on HC on 30th Aug'21...

@rcs1359
@Newbietrader123

I posted this on HC on 30th Aug'21 just after the annual results were announced. I had been in CWP since 2017 and watched it keenly. Perhaps this explains a lot.

Confession time: I sold out of CWP entirely last week on 25th August @ $6.67

I found the result underwhelming and looking at the margins CWP is earning it is now delivering a ROE of just 8.2%. In the five years ended Jun'16 it achieved at average ROE of 16.7%, double the current return.

The ROE is incredibly disappointing in what were almost perfect conditions for the first three quarters or so of the FY'21 year. There was no pricing pressure, government grants were massive especially in the home state of WA, new contracts were being signed left right and centre and only in the last few months have cost pressures started to emerge.

So given the poor ROE, given the looming cost pressures and labour shortages in WA I have exited to deploy the capital elsewhere.

And I too found the presentation pack full of motherhood stuff and not a lot of hard detail. The investor presentation was a waste of time. I tried to ask a question but the technology failed.

Good luck to remaining investors. I will keep a watching brief and could possibly re-enter if the SP dropped below $4.50 which is just below my previous FY'17 entry price.

Cheers......Daicosisgod (and I will not be re-entering at this stage)