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
11.0¢ |
Change
0.005(4.76%) |
Mkt cap ! $89.60M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.5¢ | $41.25K | 389.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 1346052 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 478052 | 14 |
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| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| CAI (ASX) Chart |