GWA Shares Sink As Profit Slumps, Dividend Shrinks
Shares in GWA Group fell sharply yesterday after the bathrooms and kitchens group revealed a COVID19 - powered sales slump in the year to June saw sales fall short of forecasts.
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Gwa Group Limited.
GWA Group Limited (GWA) listed on the Australian Securities Exchange in May 1993 and is a leading supplier of building fixtures and fittings to households and commercial premises. The Group has sales and distribution facilities located across its primary markets in Australia, New Zealand, United Kingdom and China and has manufacturing facilities in New Zealand and China.
GWA operates a central-led business with corporate functions supporting its Bathrooms & Kitchens business. GWA is a member of the ASX 200 index of listed Australian companies.
GWA Bathrooms & Kitchens is Australia’s foremost designer, importer and distributor of iconic brands and products, servicing and enhancing residential and commercial bathrooms and kitchens across Australia and New Zealand. The product range is distributed under market leading brands including Caroma, Methven, Dorf and Clark.
GWA has grown since listing through the strong performance of its Bathrooms & Kitchens business and strategic acquisitions. The Group remains committed to growing shareholder value through its focus on superior solutions for water within the Bathrooms & Kitchens business which has strong market positions, market-leading brands and significant growth opportunities.
Our Purpose
We make life better through the design and delivery of products, services and technologies that create superior solutions for people to enjoy and sustain water, our planet’s most precious resource.
Our Mission
To build GWA as the most trusted and respected water solutions company.
Our Cultural Pillars
We all lead
We are customer focused and consumer driven
We care for each other
We make life better for all our stakeholders.
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News
Good News Shorts: Austal Builds On, Cleanaway Confirms Dividend
A rare bit of good news for investors about one stock at least – The Perth based shipbuilder and defence contractor, Austal says it has been told by the US Navy it is performing “mission essential functions” and been urged to keep making ships.
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Finding Value In Small And Mid-Cap Stocks
Simon Conn and Marc Whittaker from the IML Small Caps team discuss three of their favourite small to mid-cap stocks and the attributes these companies possess that make them believe they will do well for investors in the next 3 to 5 years.
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First Sustainability Report For GWA
Water management company GWA has produced its first stand-alone Sustainability Report. In previous years sustainability was covered in its annual reports.
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GWA Keeps The Dividend Tap On
GWA is doing its best to keep shareholders happy in straightened times.
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Analyst Views
GWA – Macquarie rates the stock as Outperform
Outperform retained. Target is raised to $3.30 from $3.25.
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GWA – Credit Suisse rates the stock as Neutral
GWA Group's first-half operating income and net profit were -3% below Credit Suisse's forecasts. Neutral rating with the target rising to $3.15 from $2.85.
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GWA – Macquarie rates the stock as Upgrade to Outperform
Macquarie reviews housing data, noting approvals continue to strengthen, which the broker saw as necessary for a further re-rating in the stock. Macquarie upgrades to Outperform from Neutral and raises the target to $3.90 from $3.25.
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GWA – Credit Suisse rates the stock as Downgrade to Neutral from Outperform
Credit Suisse observes, since the last update in August, housing turnover and price indicators for GWA Group's core alterations & additions market have improved. Hence, the latest commentary on FY21 is disappointing.
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GWA – Macquarie rates the stock as Neutral
Macquarie revises forecasts to reflect current housing activity and low visibility into FY21.
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