At face value this looks like a pretty shitty deal for long term holders of CGR.
Values business at 51c including div of 3c way too low.
CGR currently trades at PE of around 10 & COG a PE of around 20.
Seems to me I'm swapping shares in a grossly undervalued company to one that is grossly overvalued.
Asking for more money adds insult to injury. Pay out a div then raise more money?
Anyone else have any thoughts?
At face value this looks like a pretty shitty deal for long term...
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Last
17.5¢ |
Change
0.005(2.94%) |
Mkt cap ! $52.01M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 17.5¢ | 17.5¢ | $1.55K | 8.858K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4200 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 52716 | 1 |
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| Last trade - 15.19pm 23/07/2024 (20 minute delay) ? |
| EPY (ASX) Chart |