Yes, I agree Germantheologist. There’s 8 cents in cash and a business that shares most of its offices with the old parent company with an EBITDA of $4.1m on revenue of $158m in FY21 (compared to EBITDA of $2.7m on revenue of $350m in FY20) . Surely it cant be worth any more than $15m which is equivalent to 4c per share. Add in 8c cash and it’s worth 12c. That tallies with the average last day CDD ex price of $1.60 less the $1.49 return. So why are so many people now buying at almost double that?
Yes, I agree Germantheologist. There’s 8 cents in cash and a...
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Last
42.0¢ |
Change
-0.010(2.33%) |
Mkt cap ! $16.40M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 43.0¢ | 41.0¢ | $17.00K | 40.60K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2461 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.0¢ | 39602 | 2 |
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| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| CDD (ASX) Chart |