CWN is operating with huge profit in Australia
It own a few properties in golden areas
their values should be increased a lot as land values have been increasing everywhere
Possibly the management took fund managers suggestions to demager MCE which dragged share price down
The demerger was only the first step------------->would not affect by MCE bad news (MCE is only small portion of the group)
2nd, dividend policy to pay 100% of NPAT------->more investors would hold longer, particular dads, mums and income funds
3rd, IPO of those properties------------the valuation must be much higher than pcp
today may just start to shoot up
should see many good days to follow if I was right
CWN Price at posting:
$12.75 Sentiment: Buy Disclosure: Held