The market response following the recent profit guidance appears harsh.
Very rough calculations would see the current half year result come in at around 9-10c NPAT per share. CDA is not talking a LOSS - it is about a reduced PROFIT from the recent excellent but perhaps rather lofty levels of the last two half-yearly periods.
Plenty of room for a healthy dividend still exists and even if the payout for the final half is reduced to a very conservative 4c per share then at the current SP this an annual yield of over 6% fully franked.
I have a small number of CDA shares and have already bought a few more at these lower levels - would like to have the spare cash to buy a few more!
My expectation is that once the volatilty of the current market settles a little then there will be a steady progressive upward re-evaluation of the SP of CDA - and I see that happening sooner rather than later (IMHO).
I believe that fund managers have dumped the stock until the final figures for the second half (and the full year) are released and will review things after that - these results should be announced around early August 2013.
DYOR - these are just my thoughts - don't rely on me for your investment decisions.
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Last
$15.40 |
Change
0.155(1.02%) |
Mkt cap ! $2.790B |
Open | High | Low | Value | Volume |
$15.24 | $15.45 | $15.19 | $3.508M | 228.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 284 | $15.39 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$15.40 | 682 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 689 | 15.390 |
10 | 1635 | 15.380 |
11 | 1400 | 15.370 |
4 | 340 | 15.360 |
3 | 317 | 15.350 |
Price($) | Vol. | No. |
---|---|---|
15.400 | 646 | 10 |
15.410 | 391 | 5 |
15.420 | 703 | 7 |
15.430 | 801 | 6 |
15.440 | 1973 | 6 |
Last trade - 15.03pm 30/08/2024 (20 minute delay) ? |
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