It never ceases to amaze me how a company with NTA of around $1.35 trades at $1 when about 80% of the assets are liquid equities such as BHP, TLS etc and the other 20% is cash on hand.
A scrooge like 4c dividend is payable in the good years and none in the bad.
Entities like CAM exist for managment to have jobs, simple as that. The best course of action for shareholders would be for the entire portfolio to be liquidated and capital returned to investors. If I owned CAM I would prefer that than the 4c / year in dividends when its a good year
liquidation is the best result
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Last
81.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $118.4M | |||
| Open | High | Low | Value | Volume |
| 82.5¢ | 82.5¢ | 81.5¢ | $13.13K | 16.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 193243 | 81.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 82.0¢ | 74348 | 2 |
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| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| CAM (ASX) Chart |