Buyback sucked up some free float and business has turned around thanks to Covid. Higher volumes and aluminium prices compared to pre Covid.
Working capital is improving helping support better cashflow. As long as aluminium prices remain at prices well above $2K, CAA should continue to deliver reasonable results.
Let not forget they still have 120m of unrecognised tax losses. They won’t be paying any tax anytime soon.
Buyback sucked up some free float and business has turned around...
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Last
$9.80 |
Change
0.090(0.93%) |
Mkt cap ! $170.8M | |||
| Open | High | Low | Value | Volume |
| $9.87 | $9.87 | $9.80 | $197.2K | 20.13K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 79 | $9.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.80 | 801 | 1 |
View Market Depth
| Last trade - 11.53am 03/05/2024 (20 minute delay) ? |
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Last
$9.80 |
Change
0.090 ( 0.93 %) |
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| Open | High | Low | Volume | ||
| $9.80 | $9.80 | $9.80 | 101 | ||
| Last updated 11.49am 03/05/2024 ? | |||||
| CAA (ASX) Chart |