Fallen angels and upside surprises

Andrew Mitchell

While the month-end reports for February will indicate the ASX Small Ordinaries finished the February reporting period dead flat, it would be difficult to find any smaller cap investors this month that would summarise the reporting period as dreary. Show More

Business insights across the market

NAOS Asset Management

CEO’s and business leaders' comments can provide valuable insights and provide a greater understanding of the current investment environment and key trends that may be emerging. Below are 22 quotes from the week which in our view detail some of the most important and prominent industry trends and economic factors... Show More

First Impressions from Reporting: BXB, SEK, GWA and DHG

Bell Potter

In this daily reporting season update, we provide first impressions on key takeouts from companies reporting today, including Brambles (BXB), Seek (SEK), GWA Group (GWA) and Domain Holdings Australia (DHG) with links through to more detailed reports. Show More

ASX:BXB ASX:GWA ASX:SEK ASX:DHG february 2018 reporting season

Outlook 2018: What’s in store for small caps?

Simon Conn

An outlook for 2018 is best served with a quick recap of the last six months. After a tepid first half of 2017, the Australian Small Ordinaries index (XSO) rose strongly over the second half of the calendar year, to be up over 18% (at the end of December). While... Show More

An emerging opportunity with GWA

Michael Gable

Shares in GWA Group (ASX:GWA) have pulled back during the last few months and seem to be finding support after their recent AGM. Are we seeing a buying opportunity emerge? Show More

fairmont equities technical analysis ASX:GWA

Brambles, Worleyparsons, GWA Group - First Impressions from reporting

Bell Potter

Brambles (BXB): Divisional EBIT: Pallets Americas down 9% to US$186.6m; Pallets EMEA: Down 2% to US$171m; Pallets Asia Pacific: Up 9% to US$35.1m; Containers: Up 47% to US$20.3m; RPCs: Up 31% to US$76.5m. | Net operating cash flow down 8.4% to US$582.3m. | Outlook: New guidance sees constant FX sales... Show More

ASX:BXB ASX:GWA ASX:WOR Longform February 2017 Reporting Season

8 stocks that meet these demanding criteria

Marcus Tuck

From time to time we run a quantitative screen over the Australian share market to identify stocks that prima facie have some attractive valuation and fundamental metrics. Quantitative screening such as this is just a first-cut exercise rather than the final word. It is far from foolproof and only as... Show More

First Impression: GWA Group (GWA) FY16 Result

Bell Potter

Segment Performance: Bathrooms and Kitchens revenue up 3.6% to $342m, EBIT up 2% to $84.6m, EBIT margin 24.7%. ( 2H EBIT margins improving +116 bps on 1H16, but still down -46 bps on 2H15, with price increases and improved product mix partially offsetting FX headwinds; Doors and Access Systems revenue... Show More


An idea for a low-growth environment

Livewire Equities

Simon Conn, Senior Portfolio Manager at Investors Mutual, thinks GWA Group looks attractive following the change in management and asset divestments. GWA Group owns a suite of brands, including Caroma & Dorf, which supply building fixtures and fittings. He says management has been distracted in recent years with divestments and... Show More

ASX:GWA low growth ASX:IDX

What is the market missing with GWA?

Livewire Exclusive

Simon Conn, Portfolio Manager at Investors Mutual, says restructuring of non-core businesses at GWA has clouded the markets view on some very high quality and cash generative businesses. GWA is best know for its Caroma vitreous china operations - where the company holds a dominant market share of between 60%... Show More

value investing ASX:GWA

GWA not priced for the upside

Investors Mutual

Simon Conn, Portfolio Manager at Investors Mutual, highlights GWA as one of the small cap stocks he has been adding to his portfolio. GWA is the owner of the Caroma, Australia’s leading vitreous china (toilets) brand. Conn points to Caroma’s strong market position with a share of between 60% -... Show More