Ozroll is a long standing customer of Capral's. This info might refer to the new energy effcient green friendly aluminium which Capral is now producing.
As I understand it, CAA own 27% of the market and the balance is owned by a handfull of private companies. One only needs look at the multiple which Vulcan Steel (VSL) paid for Ulrich Aluminium in July 2022 to realise that CAA is significanlty undervalued. At 4.3x EBITDA, then on the CY23 results CAA is worth $264m + $59m in cash = $323m or $18 a share. I'm happy for the buy back to keep on "a buying back""
CAA Price at posting:
$9.05 Sentiment: Hold Disclosure: Held
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