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
$9.60 |
Change
0.100(1.05%) |
Mkt cap ! $163.8M | |||
| Open | High | Low | Value | Volume |
| $9.50 | $9.60 | $9.24 | $168.4K | 18.09K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1735 | $9.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.60 | 1999 | 1 |
View Market Depth
| Last trade - 16.10pm 22/05/2024 (20 minute delay) ? |
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Last
$9.44 |
Change
0.100 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| $9.45 | $9.45 | $9.25 | 594 | ||
| Last updated 15.57pm 22/05/2024 ? | |||||
| CAA (ASX) Chart |