Chris Judd explores ‘fallen darling’ on Talk Ya Book

On Talk Ya Book today, former AFL star turned capital fund Cerutty Macro Fund portfolio manager Chris Judd interviews James Williamson from Wentworth Williamson.

Mr Williamson talks about “fallen darling” $170 million market cap asset-rich company Fleetwood (ASX:FWD), which has accommodation offerings including contracts with Rio Tinto (ASX:RIO) to provide FIFO accommodation services at the Searipple Village in Karratha.

“Fleetwood is (also) a fallen darling from that 2011-2012 sort of time where it’s been lost in the wilderness, so today it’s only 170 million market cap company, it’s got about $45 million of net cash, and it’s got property assets of about $30 million, it’s very asset rich as well,” Mr Williamson said.

He said there were reasons demand for this mining accommodation would pick up. Fleetwood also has a modular buildings division and recreational vehicle (RV) business and last traded at $1.72.

Juddcorp Pty Ltd ACN 635 629 631 is a corporate authorised representative (CAR) (CAR Number 1300536) of Boutique Capital Pty Ltd ACN 621 697 621 AFSL 508011.

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