Very good. What is the target price for you bull. I am looking at 1.30
hi gc I did have 80c and we are here but since I updated my analysis I have raised my target ,I have forward earnings at 5 compared to 8- 9 at 80c. 2016 - 17 should be a good yr and when they start paying divs again even 5c for3.5m cost should be esay once debt is reduced would give a yield of 6 odd so pretty attractive.
we could be looking at the biggest building boom ever in nz so cav should be well placed for this.
on the charts 1.20 looks like first fib resistance.
Agree market will be watching very carefully where they are with debt when they report in August 2016.
2015 AR : "We are now well-advanced with the implementation of these plans, with the end result a tightly focused and profitable operation – underpinned by a stronger balance sheet and with net bank debt expected to be somewhere between $35 and $40 million by the middle of the 2016 financial year, compared with $53.9 million at the end of June 2015."
Interesting that the company actually reduced debt to $32.4m - below the target debt level stated above.
Could be a nice surprise dividend in August 2016? In which case, I expect the sp to hit $1.00 by year end.
Just my own views BTW. DYOR!
Sp gaining turnaround momentum - expectations of a dvividend?
Even a 1c dividend will send a huge signal to the market.
think the massive was only really in Christchurch and a lot was commercial the rest of the country has been going backwards the boom will be residential construction as supply is falling right across the country look at fbu share price didn't really do much last few yrs now it is taking off due to the coming building boom.... baboom
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Originally Posted by golden city
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