Forum Topics Request for a CEO meeting: Bahay Ozcakmak from Parkway Corporate
Strawman
Added 3 months ago

I'll see what I can do @SebastianG.

You've definitely piqued my interest.

(And good to have you back!)

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SebastianG
Added a month ago

Thanks for today's interview, @Strawman.

Unfortunately I missed the live version but just watched it back. As a long-term follower of the company, that was probably the most 'sales pitchy' Bahay has been. I've generally found him to be quite a sound and rational owner. He certainty ticks a lot boxes for me in saying the right things in terms of shareholder dilution and management of capital through the R&D phase. From this perspective, the Tankweld acquisition was very important and the price they paid for it seems to have been a pretty good get.

The optimist in me believes that there's a lot going on behind the scenes which cannot be disclosed to investors yet. The the most recent company report certainly gave the impression that management believe the company is on the verge of profitability and hitting that growth runway. Obviously time will tell and the proof will be in the eating, but it looks promising.

I appreciate it isn't the 'sexist' business going around and it can be tough to get your head around the core offering and whatnot, but I think it's potentially a great opportunity and one I obviously watch with interest (hold in RL).

Cheers.

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SebastianG
Added 3 months ago

I was a premium Strawman member 3+ years ago. I have recently signed up to the club again because I have found it quite difficult to find decent analysis on Australian small cap stocks. Twitter used to have some decent coverage but since it became X I have found you really have to spend time trying to find thoughtful analysis (it is there, though).

To make further disclosures, I hold Parkway in real life and have held it 4+ years. A quick look at the Parkway chart over the last 4 years will show you that I am patient man. And if the chart isn't convincing enough for you, then you can ask my poor wife who had to wait 10 years for me to propose.

Anyway, I know A Rich Life did a write up on PWN some time ago, but given Strawman is about seeking out the potential little diamonds in the rough of the ASX small cap space, I thought it would be good to get Bahay on for a chat. The company is quite interesting. I think it could be at an inflection point right now, although I don't want to be accused of being a snake oil salesman or a pump and dump guy. It still remains a ridiculously speculative play and I purchased my shares around the time the company transitioned from a mining extractive company into a water treatment solutions company.

The premise of my interest in the company came about through doing a lot of work in regional and country Victoria. I was struck by how incredibly dry those parts of the country are, and yet they are the agricultural lifeblood of the country.

The Federal and State governments are very keen to implement major infrastructure projects, including the construction of high-pressured gas pipelines. With a growing population, the need for water will increase both in the context of a domestic sense and on a large scale industry wide basis (agriculture and mining). It stands to reason that, if viable alternative water sources can be produced, they will become extremely valuable.

In simple terms, Parkway is looking to develop the technology to create those alternative water sources.

Today it announced, and I quote from the announcement " a significant brine technology breakthrough, which has led to the first production of hydrochloric acid (HCl) from CSG derived brines, in Australia". The announcement goes on to explain that this is not going to impact the business in the short-term, but they believe it could have a significant medium to long-term impact and trust me, Parkway are playing the long game.

But this announcement to me is an indication that its R&D actually has scope to work and they are trying to avoid going for further capital raising by generating revenue through the Tankweld acquisition.

I don't know if this is the appropriate place to make this request, but if there's interest, it'd be great if Andrew could reach out for an interview.

If you otherwise just want to learn about the company, as I said, there's a decent summary on A Rich Life, here: https://arichlife.com.au/introducing-parkway-corporation-asx-pwn/

Cheers.


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