Professional
Added to YB: 2024-06-21
Pitch date: 2024-03-31
MWY.AX [bullish]
Midway Limited
+98.3%
current return
Author Info
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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 0.42
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
turnaround
Show full summary:
Sandon Capital Activist Fund Portfolio Holding: Midway Limited
MWY.AX: Sold land to CHS Broadbent for grain terminal at $15.5M, >book value. Refinanced to focus on working capital. Sold non-core assets, closed loss-makers. $1.64/share NTA mostly cash, inventory (converting to cash), receivables. Well positioned for dividends/buybacks. Upside from carbon mgmt biz.
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