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.
I’m not going to be negative but I’d really like to know why...
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Last
30.5¢ |
Change
0.010(3.39%) |
Mkt cap ! $325.1M | |||
| Open | High | Low | Value | Volume |
| 29.5¢ | 30.8¢ | 29.5¢ | $2.679M | 8.770M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 223494 | 30.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 658269 | 18 |
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| Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
| CAJ (ASX) Chart |