CAA 0.11% $9.01 capral limited

Not a lot, I would imagine. Can't find any direct reference to...

  1. 310 Posts.
    Not a lot, I would imagine. Can't find any direct reference to automotive / car industry in recent annual reports / presentations.

    I tend to see CAA as an ever increasingly good deep value play with potential for an upside surprise. The macro factors supporting this are:
    - lower AUD making imports less viable;

    - lower input costs with aluminum prices coming off;
    http://www.infomine.com/investment/metal-prices/aluminum/5-year/

    - increasingly strong housing starts and strong commerical property sector (https://mninews.marketnews.com/index.php/australia-construction-index-further-new-orders-increase?q=content/australia-construction-index-further-new-orders-increase)

    Positive micro factors include:
    - significant operational cost cutting;

    - capacity to purchase OneSteel Aluminium business (with placement);

    - cap on labour costs with unemployment as it is;

    - institutional support (eg, CBA recently upping it's holding at 18c).
 
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Last
$9.01
Change
0.010(0.11%)
Mkt cap ! $156.2M
Open High Low Value Volume
$8.94 $9.05 $8.94 $66.64K 7.403K

Buyers (Bids)

No. Vol. Price($)
1 1875 $9.00
 

Sellers (Offers)

Price($) Vol. No.
$9.30 1099 2
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Last trade - 15.59pm 31/07/2024 (20 minute delay) ?
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