The market response following the recent profit guidance appears harsh.
Very rough calculations would see the current half year result come in at around 9-10c NPAT per share. CDA is not talking a LOSS - it is about a reduced PROFIT from the recent excellent but perhaps rather lofty levels of the last two half-yearly periods.
Plenty of room for a healthy dividend still exists and even if the payout for the final half is reduced to a very conservative 4c per share then at the current SP this an annual yield of over 6% fully franked.
I have a small number of CDA shares and have already bought a few more at these lower levels - would like to have the spare cash to buy a few more!
My expectation is that once the volatilty of the current market settles a little then there will be a steady progressive upward re-evaluation of the SP of CDA - and I see that happening sooner rather than later (IMHO).
I believe that fund managers have dumped the stock until the final figures for the second half (and the full year) are released and will review things after that - these results should be announced around early August 2013.
DYOR - these are just my thoughts - don't rely on me for your investment decisions.
- Forums
- ASX - By Stock
- CDA
- correction appears overdone
correction appears overdone
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CDA (ASX) to my watchlist
|
|||||
Last
$15.42 |
Change
0.180(1.18%) |
Mkt cap ! $2.777B |
Open | High | Low | Value | Volume |
$15.24 | $15.43 | $15.19 | $2.335M | 152.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 778 | $15.41 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$15.42 | 1361 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 31 | 15.410 |
19 | 1859 | 15.400 |
8 | 1228 | 15.390 |
6 | 723 | 15.380 |
4 | 601 | 15.370 |
Price($) | Vol. | No. |
---|---|---|
15.420 | 1397 | 8 |
15.430 | 319 | 2 |
15.440 | 491 | 5 |
15.450 | 1803 | 6 |
15.460 | 1498 | 5 |
Last trade - 12.38pm 30/08/2024 (20 minute delay) ? |
Featured News
CDA (ASX) Chart |
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
SPONSORED BY The Market Online