GWA International Limited

By Intelligent Investor · 9 Oct 1998

By Intelligent Investor ·
9 Oct 1998

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GWA Group Limited - GWA

Current price

$2.50 at 16:40 (18 April 2024)

Price at review

$2.36 at (09 October 1998)

All Prices are in AUD ($)

GWA International - $2.40: Managed to produce a better than expected result for the year to June 1998. Earnings rose 32% to $35m, underpinned by a buoyant housing and construction industry. A fully franked final dividend was declared which pushed dividends for the year to 11 cents per share, a yield of 4.6% at current prices. While the Australian housing and construction market is expected to remain buoyant in the near term, management has shown some caution towards the next six to twelve months. Until further notice we recommend the stock as a Hold.

IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.

GWA International Limited

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GWA International Limited

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