GWA International (GWT) has fallen to $2.87 today. This follows...

GWA International (GWT) has fallen to $2.87 today. This follows consistent price falls over the last month.

It's six monthly profit figures showed an increasing profit and forecast profits for the full financial year in line with previous years results.

I expect there will be a strong rebound up to close of business on Thursday 10 March. GWA goes ex a 12.5c fully franked dividend on Friday 11 March. I anticpate that this price rebound will start tomorrow (as recently other ex-dividend stocks have rebounded in the 7-8 days prior to ex divvy date-HIL, AGL, WAN-starting just now)

I'll revisit this thread in the next few days. Am expecting $3.15-3.18 close sometime during this period.

I know it looks like a big call at the moment.


Ajax