A delightful trend since new CEO, reorganisation and name change.
I keep a keen eye out for businesses actually investing capital - most are not in these difficult times - as this means they have both the capacity to invest and useful projects. CWY fits this profile.
The unmarketable parcel sale facility announced 15 March is an interesting development. Corporate initiatives rarely come singly - once managements start fiddling with capital, they usually go on to other capital wheezes like buybacks and higher gearing.
CWY has a lot of intangibles on the balance sheet. Can't do much about goodwill, but the Other intangible assets of $269m could be usefully written down over time.
The enduring value in CWY is not the competitive field of collecting and transporting waste. It is in separation, processing, landfill sites and downstream. I regard it as well placed in that regard.
GLTAH
Ash
Ann: FY17 Half Year Results Investor Presentation, page-7
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Last
$2.82 |
Change
0.050(1.81%) |
Mkt cap ! $6.286B | |||
| Open | High | Low | Value | Volume |
| $2.78 | $2.83 | $2.74 | $10.53M | 3.779M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 81610 | $2.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.83 | 64259 | 5 |
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| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| CWY (ASX) Chart |