An idea for a low-growth environment

Livewire Equities

Livewire

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 internal issues, but with new management in place and a “strong core business,” they’re well positioned for a low-growth market. They’ve “led the world with dual-flush and water saving technology… and they’re innovators and leaders globally.” At a PE of 12-13 times, and a 6.5-7% fully franked yield, he says it’s a “very solid business, [which] produces really good cash flow.” In the video below, he shares his market outlook and another stock idea for a low-growth market.


1 topic

2 stocks mentioned

Livewire Equities
Livewire Equities
Livewire

The Livewire Equities feed brings you a range of insights that relate to Australian equities

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Comments

Sign In or Join Free to comment