I would say CAT are the most vulnerable company in this space, simply because they went for a land grab and have huge overheads.
The original reason i bought the stock was because i thought this would work and all the competition would be burned.
That has obviously not worked and now they have massive costs just at the wrong time,
I have carried out a detailed analysis of the CAT revenue making the following assumptions.
80% of current service recurring revenue clients continue to pay
CAT get 20% of last years H2 revenue.
My estimation is that they will run out of cash by July/August
If Clients stop paying then it will be sooner.
I assume that all the contracts have force majeure clauses, which does not bare contemplating!!
A CR now is virtually impossible.
We had a market rally today (and yesterday) and CAT continued to fall, TBH that is ominous!!
How can Qantas stock go up by 26% while planes are on the tarmac and CAT stock continue to go down?
I am glad i got out a few weeks back and took my loses and ran.
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Last
$2.00 |
Change
-0.040(1.96%) |
Mkt cap ! $533.6M |
Open | High | Low | Value | Volume |
$2.00 | $2.03 | $1.99 | $121.8K | 60.81K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 24888 | $2.00 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.01 | 4539 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 24938 | 2.000 |
2 | 1919 | 1.995 |
6 | 32674 | 1.990 |
1 | 1450 | 1.985 |
3 | 20516 | 1.980 |
Price($) | Vol. | No. |
---|---|---|
2.010 | 3918 | 4 |
2.020 | 30040 | 6 |
2.030 | 38543 | 2 |
2.040 | 10014 | 4 |
2.050 | 52192 | 11 |
Last trade - 10.26am 22/07/2024 (20 minute delay) ? |
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