Wow that is quite a buzzare disconnect there. Thanks. Holding a few at $2.50 entry.
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I see in another post elsewhere that Jardens have increased target price to $4.37. Any other broker upgrades?
Thanks for that . Craig’s have not updated research note yet, still shows forecast figures for 2020.
Obviously - CVT's financial performance is (as we know from history) highly variable and weather dependent. Dry is bad, wet is bad, hot is bad and cold is bad either. Pretty pointless to predict a share price unless you know how the weather will be for the next 5 to 10 seasons (and that's the easy bit - nobody can predict when the Chinese move on to the next miracle cure against Covid :));
Well, I don't, none of the brokers does and, as we know from history - CVT management does not know either.
Anyway - good luck with these predictions.
Just have a quick look through the financials:
Obviously - average PE (10 years back) still looks terrible at 32 (based on SP = $3.28) in combination with negative earnings CAGR.
Forward PE not much better (at 27.4, based on SP above) - looks like the analysts have not much joy either.
Liabilities to Assets (26.1%) looks really great , but if they need every year a CR to achieve this shareholders might not be happy ... well, I wouldn't.
Return on equity is negative 4.5%. I recon they are ahead of the reserve bank and train their owners already to get used to negative returns ... good people, Orr could learn from them.
After a bad 2018 2 losses following each other ... and hey, they still have 81 staff with a salary between 100k and 420k on their payroll.
Why do they need that many highly paid people to produce juicy losses ... but maybe this is the reason. I recon they made the wrong 90 people redundant?
Anyway - I think I can resist ... but good luck to holders ....