CGF 0.29% $6.89 challenger limited

breakout, page-19

  1. 273 Posts.

    finch she should be at least $4 now. it doesn't make any sense for this company to be trading on such a low multiple, given her low debt levels (9% gearing, next refinancing is $250m in 2010), and excellent growth prospects.

    also, i expect the market to recover from here on in so expect positive mark to market gains.

    as long as she delivers close to consensus forecasts for the full year she'll be re-rated in a big way. they've only got 2 more months to deliver a downgrade.

 
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