Tomorrow is the last day before going Ex Div. With all the issues CLH has been facing this year which they seem to be acknowledging upfront (and accepting they received a nice revaluation benefit from AASB9) if they get FY2020 really firing these summary numbers put the next leg of opportunity into perspective. Also helps that Rivas states they expect a record year ahead.
In addition and I quote from Annual Report - "The Group’s total assets at 30 June 2019 were $471 million, up 27% on prior year. No material change to working capital and gross assets are up in line with PDL acquisition activity during the year. Total debt was up in line with PDL growth".
So my question is why on earth, other than someone suppressing the share price every time it tries to stick its head up is the price reducing just before ex dividend locks in. Based on the above nos why should the share price not be $2+ in the next 3 months.
What are "we" missing" ????
CLH Price at posting:
$1.27 Sentiment: Buy Disclosure: Held