I expect dividends to be reduced due to franking credits being exhausted. CAA has large tax losses and so the capital management plan will be weighted towards buy-backs as per announcement from company on 23/6/2023.
If you are wanting Dividends with franking credits then CAA will not deliver this, however it is undervalued in my view and with buybacks I expect decent SP appreciation over the next 5 years. Note PE is ~5-6.
Ann: Update - Notification of buy-back - CAA, page-5
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Last
$9.90 |
Change
0.130(1.33%) |
Mkt cap ! $171.7M | |||
| Open | High | Low | Value | Volume |
| $9.65 | $9.90 | $9.65 | $405.0K | 41.11K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 646 | $9.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.99 | 2000 | 1 |
View Market Depth
| Last trade - 15.59pm 27/09/2024 (20 minute delay) ? |
| CAA (ASX) Chart |