What is the realistic position for CVN ? I note a big drop in expected earning per share for this company. Do they have any decent wells producing? Seems shareholders money goes into more drilling and no dividends. The standard SP valueing tool is to multiply the 2011 expected EPS x 10. This valuation is 32 cents, was 48 cents. Where from here? I think the analysts strong buy is a joke. Petsec had a strong buy and now no analyst will chance a prediction after it went from $1.90 to 16 cents. Same problem, all money earnt went on dud drillings.
17 th feb shorts update, page-5
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Last
19.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $348.8M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 20.0¢ | 19.5¢ | $386.1K | 1.979M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 425882 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 256926 | 7 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| CVN (ASX) Chart |