I expect dividends to be reduced due to franking credits being exhausted. CAA has large tax losses and so the capital management plan will be weighted towards buy-backs as per announcement from company on 23/6/2023.
If you are wanting Dividends with franking credits then CAA will not deliver this, however it is undervalued in my view and with buybacks I expect decent SP appreciation over the next 5 years. Note PE is ~5-6.
I expect dividends to be reduced due to franking credits being...
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Last
$9.71 |
Change
-0.140(1.42%) |
Mkt cap ! $170.8M | |||
| Open | High | Low | Value | Volume |
| $9.70 | $9.87 | $9.66 | $305.3K | 31.21K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $9.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.87 | 933 | 2 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
$9.66 |
Change
-0.140 ( 0.51 %) |
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| Open | High | Low | Volume | ||
| $9.70 | $9.79 | $9.66 | 144 | ||
| Last updated 11.46am 02/05/2024 ? | |||||
| CAA (ASX) Chart |