CLG 1.72% 28.5¢ close the loop ltd.

"too cheap for a company growing quickly" While agree with you...

  1. 1,922 Posts.
    lightbulb Created with Sketch. 396
    "too cheap for a company growing quickly"

    While agree with you that it appears undervalued I would go back to a previous post by @madamswer where it is pointed out that the market is justified in being somewhat cautious when the growth is almost purely down to acquisitions which have been made since the IPO. Personally I would feel more comfortable if they consolidated for a period to allow a better assessment of how they are growing organically. We must presume that these acquisitions are made on the basis that they are not just compatible boltons but they can see ample scope to grow them as well as gain some cost savings from integration of admin resources. Maybe the next full year report will be more illuminating and if it is then the market might see the potential here. I have only bought in with a medium parcel - mainly because of the above view.
 
watchlist Created with Sketch. Add CLG (ASX) to my watchlist
(20min delay)
Last
28.5¢
Change
-0.005(1.72%)
Mkt cap ! $154.2M
Open High Low Value Volume
29.0¢ 29.5¢ 28.5¢ $11.65K 40.28K

Buyers (Bids)

No. Vol. Price($)
2 3800 28.5¢
 

Sellers (Offers)

Price($) Vol. No.
29.0¢ 22391 6
View Market Depth
Last trade - 12.05pm 16/08/2024 (20 minute delay) ?
CLG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.