Cedar Woods Properties Ltd (CWP) and Shaver Shop Group Ltd (SSG)
Hi, I have only a few stocks you don't cover. Two that have done well for me are CWP and SSG. I am considering exiting, and would be interested in your view. Regards, Geoff
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Answer
Hi Geoff,
Cedar Woods Properties Ltd (CWP) is a $747mn Australian property developer focused on residential communities, apartments and commercial spaces, with diversified exposure across major states and property types – it’s fairly cheap trading on an Est valuation of 13x while yielding 2.7% in 2026.
With revenue exepcted to increase ~10% to $513mn in FY26 and the country desperately in need of housing CWP is well positioned:
- We are bullish towards CWP targeting fresh highs in the $9.50-10 area.
Shaver Shop Group Ltd (SSG) is a $193mn consumer discretionary specialty retailer targeting personal grooming and hair removal needs with a multi-channel retail strategy across physical stores and e-commerce in Australia and New Zealand.
Revenue has been flat over the last 5-years but the 23% from one line and 3-5% from the company’s private label (Transform-U) both deliver higher margins.
- We are neutral SSG around $1.50 although its forecasted 7% fully franked yield is appealing.
