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GWA, GWA GROUP LTD
nipper
post Posted: Mar 25 2020, 07:26 PM
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GWA, whose brands include bathroom fixture specialist Caroma and kitchen and laundry outfit Clark, had in February anticipated that normalised full-year earnings before interest and tax would hit between $80 million and $85 million. The comparative figure last year was $83 million.

But on Tuesday, the company said trading to date had been “in line with our expectations and better than the trend we experienced” in the first half of the financial year. “We have seen nothing to date in our business that indicates the guidance will not be achieved,” GWA said

Still, GWA, which is exposed to a housing market slowdown, was withdrawing its forecasts because of “increasing levels of economic uncertainty as a result of COVID-19”.

GWA managing director Tim Salt said the company was in a strong financial position, with 75 per cent of its imported purchases hedged at US68¢ for 13 months. GWA also told the Financial Review that suppliers “in China are producing normally” and the company had been receiving goods that shipped from China “since early February and have inbound containers on the water”.

“We have ample inventory and supply of products to meet our customers’ needs for several months,” a spokesman said



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
terrine
post Posted: Nov 19 2019, 01:49 PM
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SP - This one is up and down like a bloke on his honeymoon???????

 
terrine
post Posted: Oct 29 2019, 09:38 AM
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Share Price - New management, same story
Bullshit will only get you so far
SP is now faltering lower than 5 years ago
Not Happy Jan

 
terrine
post Posted: Feb 26 2019, 10:29 AM
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NZ government approval today for the $100m+ acquisition of Methven today, now shareholder approval next month and put it to bed.
Appears to be decent bolt on purchase, a change of the old guard here is starting to revive its former glory.Morgans and Credit Suisse both have targets much higher than current ex div shareprice


 
terrine
post Posted: May 14 2018, 11:13 AM
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It would seem some previously were aware of impending good news
Asset sale and $100 mil for the bank.

 
terrine
post Posted: Apr 30 2018, 03:55 PM
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...AND IT AINT OVER YET
today we saw a 10 year SP high, WTF
still some work till pre GFC but its going that way
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terrine
post Posted: Apr 13 2018, 10:58 AM
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Well it would seem they can reinvent the wheel.
Yesterdays 90 page presentation on the transformation (or is that reformation) of GWA to a kitchen and bathroom products entity shows promise - shares up 3% this morning on moderate trade.

 
terrine
post Posted: Feb 20 2018, 11:22 AM
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GWA HITS 4 YEAR HIGH..Whats the verdict????
Fair but average report to the market I thought - net sales up 2%
Divesting access systems, leaving a purely bathroom/kitchen hardware play.
This was always the core of the business so there can be no more excuses after that.
Plenty of buying....
Surely they cant fark it up from here

 
terrine
post Posted: Aug 25 2016, 09:06 AM
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In Reply To: nipper's post @ Aug 23 2016, 12:17 PM

The next few reporting periods will see if this guy is worth his salt


Said 'Thanks' for this post: nipper  
 
nipper
post Posted: Aug 23 2016, 12:17 PM
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In Reply To: terrine's post @ Aug 23 2016, 11:44 AM

Tim Salt, who became chief executive of GWA Group on January 1 after initially joining as head of the bathroom and kitchen products division late in 2015, said growth prospects were solid for renovations. "There is still plenty of runway left on the eastern seaboard in NSW and in Queensland in particular," Mr Salt said.

He said while industry forecasters were pointing toward slower levels of new housing construction and a substantial fall-off in apartment construction from high levels, GWA derived 52 per cent of its revenues from the renovation and replacements market and this would help underpin growth.

Supplier of building fixtures and fittings to residential and commercial premises, including sanitaryware and bathroom products, baths, tapware, sinks and laundry tubs, hot water systems, door hardware and access systems, garage doors and openers, heating and cooling systems. "It's big and it's consistent," Mr Salt said. There was also a strong flow of new homes still being built even though approvals were declining, with GWA products bought towards the end of the building process.

While apartment construction is forecast by industry experts to be substantially lower, Mr Salt said only 10 per cent of GWA's business came from that segment. Renovators were moving up the scale and increasingly looking for "better pieces of kit", he said.

Mr Salt said the Caroma brand was making strong progress, with more customers opting for "posh toilets" without the traditional rim. Renovators were also increasingly opting for toilets where the cistern was built into the wall for a sleeker look. That design would eventually filter into the mainstream market. "There's no doubt it will migrate into the broader market."

The West Australian economy was still going through a rough time and demand in that market was set to fall further. But the eastern seaboard was strong, and renovators wanted to add value to their real estate holdings, either before putting their property on the market or after buying as they tailored it to their liking.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
 


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