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HWI 0.0¢

.....worth keeping an eye on

  1. eddievanhalen

    1,200 Posts.

    I very rarely post +ve comments on stocks I own.....but HWI seems to exhibiting unusual strength in this market. Just creeping up against the tide and against the trend of other "growth" stocks of mine such as ION (now R.I.P) amd NTG.

    Has had a huge order of 200,000 at 1.95 (previous all time high weekly close) hanging over it like a black cloud for the last month but that's just been taken out in one big lot. Strength such as this in this environment is worth keeping in the back of your mind.

    I added a few extra a week or so back at 1.80 butI won't be buying very much more as I don't genereally like to buy into a trend that is already well and truly established.......may add a few more on a close above 1.95 for the week. For those fundamentally inclined it is has brands such as Arcosteel,Breville (owns it),Kambrook,Ronson etc.... and is trading I think on around 13 times FIRST HALF earnings. I expect a big yearly result as they haven't had Brevilles for very long and this half is the first full half contribution.

    With strong shares few and far between at the moment this one (which looked weak not so long ago but there has been a very noticeable change in sentiment) stands out as one to watch.

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