CNB and why it is STILL undervalued!!, page-1305

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BartBart

1,354 Posts.

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22/06/21

17:39

Post #: 53996429
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Originally posted by Immetoday: ↑

Not expecting people to listen mate, merely accept a different view.

Real value and market value of a company are two entirely different things and that’s all I’m trying to get across to people. If you understand the difference between the two then you create real value in your own bank account.

IMO the real company value is not reflected in the market value of CNB atm....but unfortunately, market value is what the company is worth in real terms as that dictates the share price.

All I’ve been trying to say is CNB is on a big downward slope and there are great buying opportunities that could easily double you holding if you had sold on the rise.

Im in the position now (because I have been bothered trading) that regardless of what Ann comes out I won’t be worse off because I can afford to rebuy the same packet I sold up at 43c.....likelihood of it opening higher than that on a good Ann is pretty low imo, even if it does the risk is worth it.

Plenty here say ‘I can’t be bothered with selling and buying, I’m holding for long term......so am I.
Thing is though, I was bothered trading. Initially here I had 92,000 shares as a punt (months ago).
Because I could ‘be bothered’ trading I now free carry 200,000 shares (little under) and have cash sitting in the bank from my last sell of CNB that at today’s price will net me just under another 300,000 shares........in all honesty though I’ll hold out and make that closer to 350,000 more shares toward the end of the week when I believe the price will drop further.

Ive been straight up honest about my buys and sells and what I’m doing......at no point have I said CNb is a crap investment long term, I’ve always been bullish long term......but short term the bears have arrived and are mauling the price here.

In all honesty it’s probably too late for people to sell now. The risk/reward isn’t worth it, they’ve missed their chances.

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If you are being so honest, are you hoping that your very bearish comments on HC will push people to sell to help force the price down? At least Cheese is open about it & we can see it for what it is.

And yes... other posters arevhoping it will gonm up on their comments. Thst is pretty obvious to a casual reader of HC.

And I assume that you also have tax issues as a result of your selling that you didn't mention along with the positive of increasing your holding?

Last edited by BartBart: 22/06/21

CNB Price at posting: 29.0¢ Sentiment: Buy Disclosure: Held
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Add CNB (ASX) to my watchlist

(20min delay)
Last 53.5¢		Change 0.010(1.90%)		Mkt cap ! $90.26M

Open	High	Low	Value	Volume
52.5¢	53.5¢	52.5¢	$18.91K	35.86K

Buyers (Bids)

No.	Vol.	Price($)
3	13175	52.0¢

Sellers (Offers)

Price($)	Vol.	No.
53.0¢	2970	1

View Market Depth

No.	Vol.	Price($)
3	13175	0.520
1	25000	0.515
2	11150	0.510
1	4970	0.505
3	3100	0.500

Price($)	Vol.	No.
0.535	9473	8
0.540	1000	1
0.545	7075	3
0.560	12141	2
0.565	10900	2

Last trade - 11.15am 16/07/2024 (20 minute delay)

CNB (ASX) Chart

CNB and why it is STILL undervalued!!, page-1305

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CNB and why it is STILL undervalued!!, page-1305

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