Forsyth have given it a price target of $2.17 (today), that is what is up I think
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Forsyth have given it a price target of $2.17 (today), that is what is up I think
ouch Trader Jackson....costly mistake not getting in at the IPO....
Its been a good performer hasn't it?? Well done to all the holders :)
Excellent announcement and good to see a company over achieve their listing forecasts.....
https://nzx.com/companies/CBL/announcements/278507
Cbl ccvi 27 /2.42 + 15/0.564 =11.16 + 26 = 37 ?
You got me diving out of my sick basket for the accounts there :scared:.
Earnings is quoted at 20.88cps so the P/E would be 11.73 at today's close of $2.45, which if this level of profit (or more) is sustainable then it would appear to be a bit undervalued (Notice words like 'if' and 'would' and 'appear' and 'bit' there before you get too carried away).
I am definitely going to give the entire 147 page announcement a proper look over (accounts first and then the frippery) but superficially it looks good to me.
Usual stuff. Do Your Own Research & Beware of Tigers Selling Insurance
Best Wishes
Paper Tiger