Guys
the phenomenon of stocks going down because of their perceived place in a sector is not unique. I was listening to one of my favourite fund managers saying the same thing is happening with their portfolio globally and domestically . Coincidentally this fund manager ( Ophir ) is a fan of CDA and recently increased their position
I have been in the market long enough to see the value / SP disconnect go to extreme levels. Sometimes the SP is sold down where you start seriously wondering whether something is a miss , but in most cases the value and SP realign
CDA have confirmed they are going well so one can be relatively confident the SP represents sold value. I bought today on open and bought two more lots at 8.62 and 860
Ann: Trading Update, page-40
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Last
$12.79 |
Change
0.090(0.71%) |
Mkt cap ! $2.319B | |||
| Open | High | Low | Value | Volume |
| $12.65 | $12.88 | $12.47 | $4.376M | 344.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2852 | $12.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.79 | 960 | 2 |
View Market Depth
| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| CDA (ASX) Chart |