Bremworth BRW

[Ekrub]

A little disappointing the company, in its new incarnation, couldn't have at least chipped in a 1 cent dividend, but no complaints about the rise in share price. A year ago they could have been picked up for between 26 and 30 cents, and at the time of writing this post, BRW had reached 67 cents. I guess one could always sell a few for some cash in lieu of dividend, but, better to hold methinks. It's been slow, but with the focus now on wool only carpets, the trajectory is looking good.

[Brain]

75c and quite good volume

[bull....]

doubled ya money from the fire sale prices in the 30,s , not to shabby .....

i get next resistance around 90c , not sure if get there looking bit over-brought and fundamentals would need to show there model is doing well i reckon to maintain the goodwill in the price

[Ekrub]

I've held and accumulated over some time, happy to continue and eventually see a dividend.

[Brain]

And ends the day at 84c. An impressive performance.

[nztx]

And ends the day at 84c. An impressive performance.

Indeed .. $1 by the end of the week ?

[Southern_Belle]

Indeed .. $1 by the end of the week ?

why the sudden drop??

[haewai]

why the sudden drop??

Why was the sudden climb?

[sb9]

Why was the sudden climb?

Yep, exactly my thoughts too. Fundamentals and numbers don't justify run upto 80c and beyond. Only good thing happened this year was appointment of CEO who was ex Icebreaker. is that enough to change the story?

[Lizard]

I picked a few up recently although it's tough in illiquid stocks like this, so just a small test pot as price has been moving away from me.

It's nice to finally see CAV/BRW with a better looking balance sheet, something they should have sorted out over 10 years earlier... now that they're back on solid footing, just got to see if their strategy can play out. CAV used to be a solid earner and pay good divs before they over-stretched and got caught out by pricing and marketing moves around synthetics. It's hard to know where BRW will land this year though, because they were in the "exiting synthetics" phase last year and managed to bring in cash by reducing inventory. Not too many clues in the agm presentations either. Interested in any views.