Most of the share price has been baked into Leilac. Some brokers even gave Leilac about $8 but I can't see that happen now with this delay and there haven't been any new license agreements as that will set back present value cashflows by more than a year.
I remember first buying CXL when it was around 6x revenue years ago on the water biz alone and then fell into the hype about Leilac and got a few on the capital raisings.
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CXL is still trading at around 9-10x revenue. Think I'll wait for 6x revenue before dipping back in again.
Meantime I'll look at stuff that is generating earnings at more realistic multiples
Still on the watchlist and like what they do. But really need to hit those milestones and get some agreements going. And stop treating their different segments as some University project with marks out of 10 for performance.
Ann: Leilac-2 to relocate as HM end clinker production at Hanover, page-57
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Last
$1.20 |
Change
-0.060(4.76%) |
Mkt cap ! $218.5M | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.26 | $1.20 | $452.2K | 371.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10009 | $1.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.22 | 26993 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| CXL (ASX) Chart |