September 2016
September 2016
Sustainable waste management services company, Cleanaway Waste (ASX:CWY), added 32.2% to Ralton’s flagship Australian Shares portfolio during August after rallying strongly on a clean set of profit results, improved capital position and evidence that CWY’s strategy is correct.
Three highlights worth calling out are: 1) very strong cost control as forecast by new CEO, Vik Bansal, particularly in the Industrials segment, 2) improved operating margins and cash flow outlook for the Melbourne Regional Landfill (MRL), and 3) improved sales trends. On this last point, CWY has lost market share in waste collection in recent years, however various initiatives now appear to be gaining traction, boosting the top line.
Given CWY has been a medium-term turnaround for some time, this was a particularly pleasing result.
August 2016 reports
- Ralton Australian Shares portfolio
- Ralton High Yield Australian Shares portfolio
- Ralton Leaders portfolio
- Ralton Smaller Companies portfolio