Around 40% of Capral's business is exposed to residential construction. Australia certainly needs more houses but I agree its doubtful how quickly they can be built. They have guided for NPAT of 23-27m this full year which allows for softness in residential.
Interesting they have purchased another small distributor as they move ahead with building a network.
I have been buying more shares on the recent drop. This is largely a commoditised type business but it appears to me to now be well managed and durable through the cycles.
Ann: Ceasing to be a substantial holder, page-5
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Last
$9.29 |
Change
-0.060(0.64%) |
Mkt cap ! $161.1M | |||
| Open | High | Low | Value | Volume |
| $9.40 | $9.45 | $9.25 | $125.8K | 13.41K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 989 | $9.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.48 | 600 | 1 |
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| Last trade - 15.59pm 05/07/2024 (20 minute delay) ? |
| CAA (ASX) Chart |