{australien_flagge}It doesn’t always have to be a press release. Even a simple corporate brochure – if well done – can provide deep insights into a company’s development and strategic direction. Parkway Corporate Limited (ASX: PWN; FRA: 4IP; AU000000PWN8), an Australian company specializing in industrial wastewater treatment, has just provided an impressive example.
In just 12 pages, the brochure explains its extensive achievements and documents quite incidentally the tremendous progress that the company has made in a very short time after its transformation from a simple exploration company. After reading it (which is really recommendable), one cannot shake off the impression that a future corporation is positioning itself here. This begins with the extensive range of services, continues with the renowned partners and research facilities, continues with the international certifications, extends to the geographical presence in different parts of Australia and culminates in the selected customer list.
On page 10 of the brochure, Parkway outlines 40 logos of clients, including the names of some of the world’s largest mining companies, including BHP, Rio Tinto, Glencore, Newmont, South 32 and many others. To be sure, Parkway acquired many of these customers along with recent acquisitions of earlier this year. But the new brochure at the latest should make it clear to these existing customers that they can expect much more from Parkway in the future. Parkway aims to cover the entire value chain along the water treatment cycle as outlined on pages 8 – 9 of the brochure. This naturally includes the “Next Generation Technologies” that makes Parkway unique. The opportunity to enter into discussions with major customers about this new technology improves when Parkway is already accepted as an established, accredited and competent supplier and service partner. This is the strategy that Group Managing Director CEO Bahay Ozcakmak outlined in a recent presentation, and one can only agree with him.
Conclusion: As can be read in the latest quarterly report, Parkway is still far from profitable and customer sales in the past quarter were just A$425,000. Operationally, Parkway posted a loss of AUD 820,000. However, this includes one-off expenses for corporate transactions. Personnel costs were A$465,000. With a larger contribution from recently acquired Mawpump anticipated, the coming quarter should provide a better picture of increasing revenues. The company reports A$5.8 million in cash supporting operations and future growth. We are convinced that Parkway has built impressive foundations and will be heard from a lot more, particularly as the emphasis on ESG continues to increase.
For more information about Parkway, we recommend visiting the website at: www.pwnps.com
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According to §34b WpHG and according to paragraph 48f paragraph 5 BörseG (Austria) we would like to point out that principals, partners, authors and employees of GOLDINVEST Consulting GmbH hold or may hold shares of Parkway Minerals and therefore a possible conflict of interest exists. We cannot exclude that other stock letters, media or research firms discuss the stocks we recommend during the same period. Therefore, symmetrical information and opinion generation is likely to occur during this period. Furthermore, there is a consulting or other service contract between Parkway Minerals and GOLDINVEST Consulting GmbH, with which a conflict of interest exists, since this contract includes that Parkway Minerals remunerates GOLDINVEST Consulting GmbH for the preparation of reports on Parkway Minerals.
