Feels like the share price is simply retreating to a more appropriate level when it ran way too hard previously on the back of stimmy money & the tail end of a bull market?
People around here like to call CDA a "tech" stock, but it really isn't in terms of their actual operations vs. the premium those usually command in true software spaces, e.g: SaaS
Trading on a P/E in the 10-15 range seems entirely reasonable with the murky outlook & after this earnings downgrade, will probably happen to a lot of companies over this earnings season
Ann: 2022 AGM - Chairman's Address and CEO's Address, page-26
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Last
$11.91 |
Change
0.250(2.14%) |
Mkt cap ! $2.159B | |||
| Open | High | Low | Value | Volume |
| $11.64 | $11.95 | $11.62 | $1.392M | 117.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 564 | $11.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.92 | 609 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| CDA (ASX) Chart |