I've always been cautious with Bell Potter's recommendations (and fortunately ignored some of their lulus!). But to their credit, I did agree with their recommendation on CGF back when the stock was trading below $4 (June 2013). Although I sold out above $7.50 a year later (because the stock zoomed up far beyond reasonable valuation), I bought shares again over the past half year in the low and mid $6 range.
I'm not convinced CGF will come anywhere close to Bell's 12 month target of $9, but then I would never have guessed it would double from June13 to Aug14, either. CGF could have some positive catalysts in FY16 (such as the new DLAs). Still, I think CGF is a great long-term investment and buying the dips will provide very nice returns.
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Last
$6.73 |
Change
0.100(1.51%) |
Mkt cap ! $4.651B | |||
| Open | High | Low | Value | Volume |
| $6.69 | $6.83 | $6.64 | $5.426M | 803.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4064 | $6.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.78 | 100 | 1 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| CGF (ASX) Chart |