I just looked at the Argonaut note of 20 May which valued CLX at $2.50. I think this is the only broker covering CXL.
It had PBT in 2024 of only $18.8m and NPAT of $13.5m.
So the FY24 result of PBT of $23m is considerably better than Argonaut assumed. It assumed lower profits in second half, but profits actually rose, which is bullish for FY25.
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In fact actual PBT in FY24 is well above the Argonaut forecast for FY25 (of $19.8m).
The ship may have been leaky, but the market could still run the shares up more.
I just looked at the Argonaut note of 20 May which valued CLX at...
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Last
$1.92 |
Change
-0.005(0.26%) |
Mkt cap ! $153.7M | |||
| Open | High | Low | Value | Volume |
| $1.92 | $1.92 | $1.92 | $7.118K | 3.716K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | $1.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.91 | 1 | 1 |
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| Last trade - 15.31pm 18/10/2024 (20 minute delay) ? |
| CLX (ASX) Chart |