Added to YB: 2025-02-26
Pitch date: 2025-02-24
BRW.NZ [bullish]
Bremworth Limited
+52.68%
current return
Author Info
Adrian Capital a university student from New Zealand interested in securities / markets, primarily in areas where I think things look way mispriced or overlooked. This mostly lends itself to small caps / special situations. Sign up for the newsletter.
Company Info
Bremworth Limited, together with its subsidiaries, engages in the manufacture and sale of carpets and rugs in New Zealand, Australia, the United States, Canada, and internationally.
Market Cap
NZD 39.8M
Pitch Price
NZD 0.56
Price Target
N/A
Dividend
N/A
EV/EBITDA
-3.84
P/E
8.58
EV/Sales
0.32
Sector
Household Durables
Category
special_situation
A sheep at the wheel – BRW.NZ
BRW.NZ: NZ wool carpet maker at $40m mkt cap. $74m cash post-insurance, no debt. Trading below cash+assets. Board approached by parties, strategic review initiated. Risks: no bids, cash burn ($8-10m/half), potential investments. Elco Direct subsidiary profitable, capital-light. Potential 6-12 month sale process at premium.
Read full article (4 min)