I'm going to have to disagree with you and play devils advocate and say that CGF for a number of year has been trading at an overvalued price. Take a look at the PE ratios, Price to Book and price to cashflow over the past 10 years. Challenger's earnings were nothing special in the years they were up. We've hit a bump and come back to fair value. I believe that we are even undervalued. Even if the ROE is 10% instead of 12% for future prospects, that still puts them in a fantastic position to be returning substance to their holders. I personally have some buy targets set at $5.
Ann: Challenger 2021 Investor Day, page-22
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Last
$7.01 |
Change
0.110(1.59%) |
Mkt cap ! $4.844B | |||
| Open | High | Low | Value | Volume |
| $6.96 | $7.02 | $6.92 | $9.540M | 1.363M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4799 | $6.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.02 | 19229 | 4 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| CGF (ASX) Chart |