27/10/2023 09:06

Cleanaway Waste Mgt. Ltd (CWY) $2.29

CWY has tracked lower over the last few months for no significant reason. The company, like many, has struggled with labour availability, however, there are signs these pressures are easing, and given the medium-term tailwinds around a greener world, coupled with the very high barriers of entry into this market, we continue to believe CWY is worth watching into further weakness.

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05/10/2023 09:35

Flagship Growth Portfolio – Amendments

We are tweaking the Flagship Growth Portfolio, selling an underperformer to buy a high quality tech stock.

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27/09/2023 09:06

Cleanaway Waste Management (CWY) $2.43

The waste management company has been struggling since they reported FY23 results in August that were solid/in line with expectations. The issue was they put off providing a trading update and guidance until their AGM on the 20th of October, and we all know how markets hate uncertainty.

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25/08/2023 11:04

Flagship Growth Portfolio – Amendments

We are making multiple changes to the Flagship Growth Portfolio

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24/08/2023 17:09

Cleanaway Waste Management (CWY) $2.55

CWY –4.14%:  Fell today despite a solid/inline result while longer term guidance (EBIT to $450m but FY26) is aligned with current market thinking. FY23 revenue of $3.56bn compared to consensus of $3.52bn, EBIT of $302.2m above $298.8m expected.

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10/08/2023 09:12

Cleanaway Waste Mgt. (CWY) $2.78

CWY corrected -12% over 4-weeks from late June following its investor day, the aggressive selling may also have coincided with some EOFY book squaring, either way as we approach its report on the 24th the stocks again challenging its 2023 high.

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26/07/2023 08:42

Cleanaway Waste Mgt. Ltd (CWY) $2.67

A month ago CWY held an investor day where it outlined the group’s aim to drive, better operational outcomes, incremental cultural change and capital-aware performance. The ongoing investment opportunity remains strong, and it’s apparent that management is applying due discipline to this pipeline, as in the case of Energy from Waste.

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23/06/2023 09:08

Cleanaway Waste Mgt. Ltd (CWY) $2.59

CWY has endured a tough week falling -10% from Wednesday’s high on big volume as a large seller (s) appears to be trimming/exiting their holding into EOFY. Usually, when a position of ours falls on large volume for no apparent reason alarm bells start to ring but into June 30th fun & games often unfold on the stock level.

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15/06/2023 09:59

Flagship Growth Portfolio – Amendments

We are selling CSL & buying CWY

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03/05/2023 09:09

Cleanaway Waste Mgt Ltd (CWY) $2.56

Following the company’s trading update at the Macquarie Conference shares in CWY rallied +5.8% yesterday, an impressive move in a weak market – arguably a case of no bad news is good enough for stocks that have been weak over the last year. Our takeouts apart from the encouraging reaffirmation of guidance from February 2023 are outlined below, importantly they are making positive progress on the 4 key areas that improve margins.

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