I agree re sales being non-linear - something similar happened in FY17 if I remember correctly. That said I'm less convinced wIth the argument that sales follow capacity buildout - S2 had massive presales before the building was even completed - compare M2 - lots of space built and surprisingly few sales - as for starting construction on P2 - CS must know something others don't! Equally CS trots out the "sIgnIfIcant contracts close to realisatIon" lIne every 6 months.
this is my largest holding and while 25-30% compound growth is a great backstop - the valuation means it's prone to speed wobbles on changes in market sentiment and "quiet" halves don't help.
I agree re sales being non-linear - something similar happened...
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Last
$16.30 |
Change
-0.080(0.49%) |
Mkt cap ! $9.381B | |||
| Open | High | Low | Value | Volume |
| $16.11 | $16.47 | $16.10 | $43.73M | 2.676M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1363 | $16.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.30 | 14462 | 1 |
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| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$16.36 |
Change
-0.080 ( 0.25 %) |
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| Open | High | Low | Volume | ||
| $16.10 | $16.47 | $16.10 | 1110777 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| NXT (ASX) Chart |