CWP - Cedar Woods Properties

[divs4ever]

WHOOPS

assumed it had gone ex-div. ( my bad )

will have a think overnight , it MIGHT replace one of the orders i have in the market ( for different stocks )

cheers and thanks

( i hold CWP , but willing to add a few at a good price )

 

[divs4ever]

Cedar Woods Properties Limited (ASX: CWP) (‘Cedar Woods’ or the ‘Company’) is pleased to advise it has been granted a “first mover advantage” by the WA State Government as part of the progression of its Market-led Proposal (MLP) for the land surrounding the Swanbourne train station.

In 2021, Cedar Woods identified an opportunity to develop government owned land around the Swanbourne train station and submitted a bid under the State MLP process for the development of the land. Today, the WA State Government has announced the next phase of the Swanbourne MLP process which seeks expressions of interest (EOI) from the market for development of the land.
As part of that process, Cedar Woods has been granted a “first mover advantage”, which has been documented in an agreement between the Company and the State.
The State’s MLP policy provides an innovative opportunity for the private sector to identify opportunities for development of underutilised, state-owned land and in a manner that can serve policy objectives around housing supply, urban planning and job creation.
Cedar Woods Managing Director, Nathan Blackburne, said subject to reviewing the EOI due diligence information the Swanbourne development fits well with the Company’s mandate to build a national portfolio of quality projects and specifically, well located or transit-oriented developments.
“After considerable investigation and planning, Cedar Woods has conceived a vision for a mixed-use development on this surplus land that will seek to deliver much needed and diverse new housing supply, especially in the Western Suburbs, that can leverage the revamped infrastructure” he said. “We are excited to participate in this next phase and if successful, deliver an outstanding development for Perth”. A key component of Cedar Woods’ concept is to integrate a mixed-use project with the adjacent Swanbourne train station and local infrastructure.
Cedar Woods currently has 35 major developments underway across Australia.
The Company has extensive credentials in delivering transit-oriented developments that leverage state infrastructure, including Eglinton Village WA, Williams Landing VIC, Jackson Green VIC, Banbury Village VIC and Greville QLD.

( i hold CWP , but willing to add a few at a good price )

 

[finicky]

CWP @ 4.35
Value for money increasing but the chart uptrend support is well broken along with a lower low.

Held

WEEKLY

 

[divs4ever]

missed my top-up target here , maybe i was too greedy , or maybe not patient enough

 

[finicky]

Suspect its got further to fall.

 

[divs4ever]

Suspect its got further to fall.

so do i but do i buy some soon ( raising my target ) , do i wait , or move on for a different target ??

i plan to wait for the target and be ready in case there is another opportunity even lower

the big question will be can CWP ( and many of it's peers ) survive another 10 years ?? ( take-overs , credit squeezes plenty could go wrong )

 

[finicky]

I'm also thinking of adding but waiting for a chart signal, which by its nature means buying above the low.

.. the question will be can CWP ( and many of it's peers ) survive another 10 years ??

Well it has migration policy and a housing shortage going for it but I have wondered if CWP is sensing a housing bust ahead - where consumers shy away from more debt or lending gets more restrictive or confidence in the economy slumps. This stock has really plunged in bad times. But there are always reasons to doubt when looking at buying a depressed stock. However FBU has been going well lately - a similar business. Maybe REITs are a better bet.

Held

 

[divs4ever]

I'm also thinking of adding but waiting for a chart signal, which by its nature means buying above the low.

Well it has migration policy and a housing shortage going for it but I have wondered if CWP is sensing a housing bust ahead - where consumers shy away from more debt or lending gets more restrictive or confidence in the economy slumps. This stock has really plunged in bad times. But there are always reasons to doubt when looking at buying a depressed stock. However FBU has been going well lately - a similar business. Maybe REITs are a better bet.

Held

well since it develops the properties first ( and then may keep some of the project ) it has a lot of moving parts , which means plenty to frighten the nervous

i hold FBU as well .. about time , i also hold FRI which i should probably re-crunch the numbers ( but the WA members here give a disappointing outlook for their home state )

but in the current climate would you really load up on bonds and have no chance of a capital gain ( if bought at par/face value )

true some of this sector will fail , but will the winners cover the losses on the way

 

[Miner]

well since it develops the properties first ( and then may keep some of the project ) it has a lot of moving parts , which means plenty to frighten the nervous

i hold FBU as well .. about time , i also hold FRI which i should probably re-crunch the numbers ( but the WA members here give a disappointing outlook for their home state )

but in the current climate would you really load up on bonds and have no chance of a capital gain ( if bought at par/face value )

true some of this sector will fail , but will the winners cover the losses on the way

Just for curiosity saw the charts of three CWP, FBM and FIN

 

[finicky]

CWP raised to buy by Bell Potter fwiw - according to market matters. Price target 5.30

 

[divs4ever]

i hold CWP , KGN and NIC