Professional
Added to YB: 2024-10-16
Pitch date: 2024-09-30
MWY.AX [bullish]
Midway Limited
+38.07%
current return
Author Info
No bio for this author
Company Info
Midway Limited engages in the production, processing, marketing, and export of woodfibre in Australia, China, Japan, and Southeast Asia.
Market Cap
AUD 74.2M
Pitch Price
AUD 0.60
Price Target
N/A
Dividend
1.88%
EV/EBITDA
7.67
P/E
86.52
EV/Sales
0.27
Sector
Paper and Forest Products
Category
growth
Sandon Capital Activist Fund Portfolio Holding: Midway Limited
MWY.AX: Woodfibre exporter, $0.90/share, $78.6M mkt cap, $39.8M EV. FY24 profitable after 4 years of losses. Strong FCF, resumed dividends (19.5c special). Grain strategy offsetting port costs. Land sale at Geelong Port. Growing forestry/carbon mgmt biz (10k ha for Munich Re, 3k ha Pongamia for Rio Tinto). NTA $1.48/share.
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