At a PE of 40 the SP now seems fully priced.. From a technical point of view shes got to be nearing the top of this run..
When I loaded up at low 40s when co payments were suggested every single comment in this thread was negative. Calls for 20c 30c, etc. dont buy it too risky bla bla Now it seems those fears dont exist anymore and nothing matters lol - can anyone see the herd mentality here?
Co payments will be nearing the senate soon, regardless of what form they pass in, the talk of it is going to create media bs. Acquisitions r on the table but the smart thing to do would be to do those when whatever co pmnt solution happens to grab a bargain.
Dont get me wrong, im bullish LT for CAJ, and have made a LOT aka years salary, but do I see fair value buying at this SP based on current year profits to buy ? No.
At a PE of 40 the SP now seems fully priced.. From a technical...
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Last
31.5¢ |
Change
0.005(1.61%) |
Mkt cap ! $335.8M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 31.5¢ | 30.5¢ | $676.8K | 2.174M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 325773 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 459998 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| CAJ (ASX) Chart |