Everyday CAF seems to be pushed down with 1 share but on the otherside it is sometimes pushed back up with one share. Suspect someone is slowly buying but could be wrong.
Based on .31c and a historicai annualised divy of .0275c assuming it is maintained it is offer a yield of 8.8% plus franking. If bank interest rates decline then this might represent a decent return with some risk.
They stated in the last update that they remain very positive and well positioned to continue to grow and that tbey continue to recruit advisers and are benefiting by industry consolidation
Will be interesting to see how the New Iconi platform is gaining traction and performing.
EBITDA is expected to be $10m to $10.5m last year $9.1m if we are talking about comparable figures.
I guess its just a matter of waiting and buying as the opportunity arises but thats only my opinion.
CAF Price at posting:
31.5¢ Sentiment: Buy Disclosure: Held
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