Definitely a solid value play. Intrinsic value at $9 plus - this from a couple of very respected sources.
Upcoming financials will be keenly anticipated, but a company that expects roughly 80% growth for FY2012 and a more reasonable 8% the following FY, at this discounted price with the demand for their technology as strong as it is and will continue to be - anything under $6 is a steal... Sure it may go lower (at which point I'll buy even more). Sooner or later the market will catch up with the fundamentals.
In short - don't stress it but keep more funds to take advantage of any future bear market volatility!
Remember, CR was done at $8.50 a share and back then it was seen as good value. Nothing has changed fundamentally except the lucky people who are loading up now get a severely discounted bargain with $30M in the bank outside of earnings. I wouldn't be feeling fear right now (depending on your timeframe for holding the stock), I'd be thanking my lucky stars to be able to buy in at these prices...
Anyhow, my 2 cents worth. Good luck all!
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Last
34.0¢ |
Change
-0.005(1.45%) |
Mkt cap ! $74.64M |
Open | High | Low | Value | Volume |
34.0¢ | 34.0¢ | 33.0¢ | $103.3K | 306.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 8450 | 33.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
34.0¢ | 54747 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8450 | 0.330 |
1 | 52480 | 0.325 |
2 | 70000 | 0.320 |
2 | 16800 | 0.315 |
2 | 4838 | 0.310 |
Price($) | Vol. | No. |
---|---|---|
0.340 | 54747 | 1 |
0.350 | 8656 | 2 |
0.355 | 1000 | 1 |
0.360 | 139149 | 3 |
0.365 | 51006 | 2 |
Last trade - 15.28pm 29/07/2024 (20 minute delay) ? |
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MCE (ASX) Chart |