Up 7% after a hour, maybe one day I'll see cav turn a profit for me after I brought it on a high :t_down:
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Up 7% after a hour, maybe one day I'll see cav turn a profit for me after I brought it on a high :t_down:
You mean you jinxed it mate :D (Sorry couldn't resist).
I reckon they're dirt cheap. EPS under GAAP is 5.1 cps, normalised excluding gain on sale of operations 3.5 cps for the half so at least 7 cps for the full year.
Further planned efficiency and enhancement strategies should see this increase significantly in FY17 and FY18 and 10 cps is quite possible in due course.
Current year PE normalised profit looks like only 8.4 and with further new initiatives planned I expect the SP to track back towards its NTA of 99 cps over time.
Another one of the oldies gone
https://www.nzx.com/files/attachments/232189.pdf
Thoughts?
Breaking trend comming.
Long anticipated
Sheesh, skyrocket
Looking promising with better volume
Did my usual tap dancing as it went up..
TA ..Daa !!.. Bought 30/12/15 @ .60... Must have been the Christmas cheer..
It has been a long hang over..
Appears now to have been a good decision.. :-)))