Our opinion on the current state of NWL

30 thg 10, 2023

NuWorld (NWL) is an importer and exporter of a range of Consumer goods, especially, consumer electronics, appliances, and consumer durables. Its product range includes agencies for Telefunken and JVC as well as a range of vacuum cleaners, fans, large and small appliances, cell phones, heaters, and liquor. The share has been listed on the JSE since 1987 and has been a consistent producer of profits and dividends over many years. The share is relatively thinly traded and has many days without trade, which makes this share impractical for private investors. In its results for the year to 31st August 2023 the company reported revenue down 11,6% and headline earnings per share (HEPS) down 16,3%. The company's net asset value (NAV) increased by 6,4% to 7179,9c per share. Technically, the share is relatively thinly traded with some days where there are no trades. It does appear to be recovering from the pandemic, but progress has been slow. The share has been falling since March 2022.