I’m not going to be negative but I’d really like to know why anyone would buy CAJ tomorrow. Personally I’d be selling all I owned. Net profit up 51% on last year ( 1st half 13/14 ) but share price has more than doubled over the same period. Based on current financials they are on a PE of 53. To get to a PE of say 26 / 27 they will have to double their profit which I just can’t see happening. So as far as I’m concerned the share price is a couple years ahead of themselves. The main thing that impressed was they have a nice clean balance sheet, no issues there.
Ann: Interim Financial Report and ASX Appendix 4D, page-2
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Last
36.0¢ |
Change
-0.015(4.00%) |
Mkt cap ! $383.8M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 38.0¢ | 36.0¢ | $1.697M | 4.526M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 367892 | 36.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 43868 | 3 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| CAJ (ASX) Chart |