Wow.
Apart from $48m Stratton-related impairment, the looks like a very weak result, with core earnings having gone backwards during the half.
Not good for a security priced at close to 23x P/E multiple.
This is the first time in CAR's history that the business has been really tested in the fact of a weak macro environment.
I suspect a meaningful de-rating is on the cards, which should provide the opportunity to purchase this fine, +40% ROE business.
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Wow. Apart from $48m Stratton-related impairment, the looks like...
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Last
$37.46 |
Change
0.590(1.60%) |
Mkt cap ! $14.14B | |||
| Open | High | Low | Value | Volume |
| $36.84 | $37.46 | $36.54 | $36.81M | 987.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7293 | $37.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $37.47 | 9110 | 1 |
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| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| CAR (ASX) Chart |