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CGF is still cheap - Having acquired the A$2bn MetLife annuities book for
free, which doubles the size of the existing CGF annuities book, we think
strong EPS growth for many years is assured as the cash is progressively
invested in higher yielding asset classes. The potential value of the MetLife
acquisition does not appear to be reflected in the present CGF share price. As
detailed in Table on what we consider a conservative sum of the parts basis
we value CGF at A$6.00 some 22% above the current share price.
While domestic institutions are now broadly market weight the facts are that
some domestic institutions carry significant overweight CGF positions, while
many are zero weight and offshore institutional investors are strongly
underweight notwithstanding CGF is an MSCI stock. We believe CGF is going
up because it is cheap and the share register is tight.
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Last
$6.51 |
Change
-0.310(4.55%) |
Mkt cap ! $4.500B |
Open | High | Low | Value | Volume |
$6.73 | $6.75 | $6.51 | $23.40M | 3.576M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 78881 | $6.50 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.58 | 10642 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 55467 | 6.500 |
8 | 23930 | 6.490 |
7 | 32787 | 6.480 |
1 | 2363 | 6.470 |
2 | 7500 | 6.460 |
Price($) | Vol. | No. |
---|---|---|
6.580 | 10642 | 3 |
6.590 | 29728 | 2 |
6.600 | 12632 | 4 |
6.610 | 7223 | 1 |
6.630 | 10000 | 1 |
Last trade - 16.10pm 16/10/2024 (20 minute delay) ? |
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JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
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