GWA - GWA Group

This turned out to be good buying as I got a $490 ff dividend a few days ago from just 7,000 shares. I think I'll promote this one to my cordoned off privileged flyers area for a buy in the coming crash. Probably fairly valued now but chart's looking ok. Check out the steady ROE record.

Held



ALL DATA QUARTERLY

Reporting FY24.

Paying an 8c final div that brings full year yield to 5.7% on price today, ex div date 22/08.

Revenue well up in U.K, down -16% in N.Z, up slightly Aus.

'Normalised' EBIT up 5.4% but Statutary EBIT down -6.8% due to significant items to do with recessionary N.Z market.

Comparing H2 with H1, revenues are flat but all the profit metrics are well down HoH for the second half. Don't know what to make of that.

Borrowings down, cash steady, net debt/ ebitda = 1.2

Guess it's ok? Doing what I hoped it would do by maintaining a strong dividend with a bit of share price growth.

Held
Holding