I thought the Capral report was better than I expected and I went in buying straight away but the market is not agreeing with me. If anyone has views of why it is falling I would like to hear them. There is no dividend but the company did say some time back that there is a good chance of a final dividend not a half yearly one. The value figures I have worked out are a Net Tangible Assets of 24.1c and a Price Earning Ratio of 7.16. The net cash is up to 21.45m which is a great figure. They also forecast a EBITDA for the full year of 19 to 21m suggesting that the second half profit should be similar to the first.
Why is it falling?
GPASAS
CAA Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
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