Looks like we are off to a flying start in 2023. I posted a few breakouts in the breakouts thread. In terms of this portfolio, I have done a lot of research but just haven't hit that sweet-spot with any of the candidates that I looked at during the month till now. Today's candidate demonstrates the early stages of an uptrend and my research backs up the company fundamentals. Here is a quick summary...
GWA Group Ltd (GWA) is an Australian manufacturer and distributor of bathroom, kitchen and laundry products. The company operates through its subsidiaries and provides solutions for residential and commercial projects. The company has a strong market presence in Australia and New Zealand and has a history of revenue growth and profitability. The company is reasonably valued currently and offers a compelling fully franked dividend yield:
Management is not asleep at the wheel either. They were prudent to cut the dividend during that 2019 sickness uncertainty, but now that has thankfully passed, they have been increasing dividends again:
Although this is a short to medium term trading portfolio, the company is coming off a strongly supported base going back a decade, for those long-term chartists:
Purchase of GWA shares for this portfolio...
Open Positions:
