Listen up, traders. Accept the offer and you may miss out.
From a buy-and-hold perspective, CST is a classic case of an R&D company that has developed a successful product that meets a global need, and has strong IP protection.
It has only recently moved into the commercialisation phase and its unit sales are growing rapidly. Yes, the strong $A is knocking prifits, and will continue to do so. But with zero debt, low unit costs and a high gross profit margin, the product should nevertheless rapidly increase sales, making good and growing profits for several years.
Such companies are notoriously difficult to value and I have no doubt a valuer can be persuaded to justify $3.55. But that price does not reflect the blue sky that is achievable in the next 2 years.
If you stick a profit of say $20m and RRR of say 12% into the equation, you get an intrinsic value well above $3.55.
The directors are not serving shareholder interests by recommending acceptance of the offer.
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Last
8.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $19.35M |
Open | High | Low | Value | Volume |
8.0¢ | 8.0¢ | 8.0¢ | $212 | 2.655K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 54158 | 8.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.2¢ | 54125 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 54158 | 0.080 |
1 | 65000 | 0.078 |
1 | 50000 | 0.077 |
2 | 300000 | 0.076 |
1 | 7000 | 0.075 |
Price($) | Vol. | No. |
---|---|---|
0.082 | 54125 | 1 |
0.086 | 15337 | 1 |
0.125 | 35001 | 1 |
0.180 | 55000 | 1 |
0.000 | 0 | 0 |
Last trade - 14.36pm 15/10/2024 (20 minute delay) ? |
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