"Cracking result. But the market will just shrug its shoulders,...

  1. 17,770 Posts.
    lightbulb Created with Sketch. 9075
    "Cracking result. But the market will just shrug its shoulders, always does. Don't know what more this company has to do to win market favour. it has well and truly turned the corner and has more tailwinds than most companies."

    Trouble is, because this is a black box, it is impossible to ascertain the quality of the result, so one has to take the result at face value, i.e., its very much a trust-management exercise.

    For the market to ever take CGF's results seriously and to conclude that they corner has truly been turned (i.e., for the P/E multiple to re-rate meaningfully above the usual 10x-12x), what will be required is for the company to string together 4 or 5 successive results like today's.

    Because in the past they've also delivered results that prima facie look good, like today's, but which are then followed by poor results.

    .
 
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(20min delay)
Last
$8.08
Change
0.020(0.25%)
Mkt cap ! $5.586B
Open High Low Value Volume
$8.09 $8.14 $8.01 $21.21M 2.623M

Buyers (Bids)

No. Vol. Price($)
1 13899 $8.04
 

Sellers (Offers)

Price($) Vol. No.
$8.09 3351 1
View Market Depth
Last trade - 16.11pm 08/07/2025 (20 minute delay) ?
CGF (ASX) Chart
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