Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi Guys, Just wondering if you can give a B,H,S opinion of the stocks listed above please? CWY was a stock MM owned within the last 12 months. It popped 4% on Thursday. MVF is an in vitro fertilisation company. They had a great run between 2020 and May this year, then incurred a fine I think and paid compensation to some customers. It stabilised for several months but has shown further weakness recently. Do you know why? Cheers, Nick
Hi Nick,
Cleanaway Waste (CWY) popped the most in six months on Thursday after the ACC raised concerns related to its proposed acquisition of City of Melbourne council owned Citywide waste plus we saw a 14.8m block of shares trade at $2.68, a few weeks after a 19.M block trade at $2.77. This is a stock that’s promised so much for years but failed to really deliver. For us its a Hold.
Monash IVF (MVF) when the news crossed the wires that the fertility treatment company had agreed to settle proceedings it commenced in the Federal Court against its insurer, CGU Insurance, the stock was already trading below $1.20. The impact of the settlement reached will improve its FY25 NPAT by ~$3.6 million, the price action implies the market wanted more. Its a another Hold at best for us.
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