$1 Thread, page-3

First 3 Last

Share
Profile

Follow
dazatoN

8,029 Posts.

481

16/02/21

23:50

Post #: 51055683
Share

Originally posted by Khakisuit: ↑

I think CLT is due to soon bolt out of the gate. First it's back to profitability, that's ultimately any company's main goal. And with it comes dividends. CLT has a history of distributing dividends whenever it was profitable. It has also been pivoting more towards increasing its online presence. This is already yielding impressive results and just at the right time, who knew Covid-19 would be a blessing in disguise. It should post a sales growth in the coming quarter if the release of PS5 in November was a success. Top 20 shareholders hold 86% of CLT which is approximately 200 Million shares. The remaining 30 million are therefore more likely what's at play in the market. I expect whoever holds to be tight-fisted if they know what they're holding is clearly a scarce commodity. With the cash reserves approximately upwards of 5 million this coming quarter, there are either of two options, a reasonably good dividend (my estimate based on history being around 1.3 cents which is nearly 10% return on its current price .135) or reinvestment through acquisitions. My bet is the former, based on the now very large base of brand partners already affiliated with CLT. On this alone, and if the cost cutting measures continue in the same trend as last year, we are seeing the return to $1 in the very near future. DYOR

Expand

CLT had 7mill cash in last annual report. They should be 3mill profitable. So they should have cash of a minimum 10mill.

CLT Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

1 Great analysis

Reply

Top Stories

BOE

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Is oil undervalued?

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

VMT

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

VMS

Venture to sniff out high-grade REE targets at Jupiter project, WA

NXG

Cost blow-out for Rook I uranium project sees share plummet for NexGen

DVP

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

WGX

Westgold sets its sights on top five producer status through merger with Karora

MGU

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

GRX

GreenX picks up prospective copper project in Germany