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Cleanaway (CWY) $2.64

CWY

FY21 Results: The waste management company reported an ‘inline’ set of FY21 results this morning with EBITDA of $535.1m smack inline with forecasts while the FY21 dividend of 4.6c was also as expected. In terms of guidance CWY said that current NSW restrictions are costing them ~$4m of EBITDA per month which hurts. We think that may make current FY22 market expectations for growth of 12% look a stretch. Shares were trading 3% higher nearing our close.

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Cleanaway (CWY)
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