Investing in the western Sydney growth corridor for new houses: TAMAWOOD has a great model

CCZ Statton Equities

The debate rages on around the strength of the housing market. We have been analysing the housing construction sector and specifically the strong tailwind behind detached home building. The macro support, including the supply drought in the growth corridor west of Sydney, seems unlikely to abate medium term. Our smallcap... Show More

Brickworks looks good value as the brick market consolidates: Despite being the key pillar behind an impressive dividend history, Brickworks' diversification...

CCZ Statton Equities

Brickworks looks good value as the brick market consolidates: Despite being the key pillar behind an impressive dividend history, Brickworks' diversification has been a recent drag on investor sentiment. We value the company at over $14 yet it is trading around $12 where the free cash yield is 5.8%. The Building... Show More

What to do with TEN

CCZ Statton Equities

What to do with TEN? Last week's downgrade and the revival of corporate interest reminds us of when Kerry Stokes first acquired 20% of SEVEN in 1996. SEVEN was struggling after making a disastrous upfront inventory pricing mistake, and the power factor (TV revenues/TV Ratings) fell to 88%. Stokes capitalised... Show More

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