No doubt tongue in cheek D&C, but good to stir the pot on such a sh*tty day in the markets.
I have no value issues with NST, although yes I am a holder. 1B cash earnings/1.5B EBITDA for a 8B MC is fine by me. The real implication is in fact that comparatively CAI is way undervalued, which I think was your point. Was interesting to see NST ann a 300mil on market buyback. I expect with many producers flush with cash whilst at the same time having low SP, that buybacks will be a common capital management tool while these conditions continue. Smart and value accretive IMHO. Not that CAI will be in that position for a while to come.
PS: Grabbed some more CAI at 60.5 today
CAI - General Chat, page-247
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Last
11.5¢ |
Change
0.010(9.52%) |
Mkt cap ! $93.67M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.5¢ | 10.5¢ | $265.3K | 2.456M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11766 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 336976 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| CAI (ASX) Chart |