Being a fundamentalist, I'm not that interested in Machievellian market moves. That said, however, I am keenly aware that there are 33 mil
shares comming out of escrow ( by weak hands) next Thursday & the biggies in the know will want to scoop them up off market for a bargain.
IMO, CLI is quite aware of that and this is why we have had no announcement yesterday PM or today, IMO.
But back to fundamentals:
SP:.......................5,5c
Mkt Cap:............$21,99 mil
# of shares:........400 mil (undiluted)
IMO, prospective earnings:
Revenue
ex Hemp:.........................................$55 mil AUD
ex JV..................................................$3 mil AUD
ex Services:.......................................$2 mil AUD
Total revenue for CY 2019...............$60 mil AUD
NPAT:...............................................$40 mil AUD (post retiring loans)
EPS:................................................10c
PE:....................................................5 ( provided that management can convince Mr Market that CLI is a viable/profitable longer term company)#
SP:...................................................25c
# If not we'll have to settle with the 10c/share cash backed or Greenfund's conservative valuation of 20c.
It is not uncommonl for Hi-Tech emerging earners to command P/Es of 30+ but I guess agribusiness is a different gig !
All IMO only and shareholders/investors should always seek the advice of a licensed financial advisor before making any investment decision.
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Last
3.7¢ |
Change
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Mkt cap ! $3.162M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 23474 | 3.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.3¢ | 147775 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 23474 | 0.038 |
2 | 126736 | 0.037 |
1 | 51001 | 0.036 |
2 | 100183 | 0.030 |
1 | 22292 | 0.028 |
Price($) | Vol. | No. |
---|---|---|
0.043 | 147775 | 1 |
0.044 | 135127 | 1 |
0.045 | 73251 | 3 |
0.047 | 48695 | 1 |
0.054 | 40000 | 1 |
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