Absolutely. The business is not in trouble. Growth has slowed (company is playing defence) and as a consequence there is PE multiple contraction taking place. What is an appropriate multiple. Certainly not in the 30s and 40s anymore.
Btw you seem like a long term investor. What is the percentage of your overall investments in CTD? Hope you do not mind me asking.
Ann: CTD 2019 Full Year Results, page-29
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Last
$12.52 |
Change
0.310(2.54%) |
Mkt cap ! $1.831B | |||
| Open | High | Low | Value | Volume |
| $12.32 | $12.53 | $12.25 | $3.742M | 300.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 563 | $12.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.53 | 4222 | 3 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| CTD (ASX) Chart |