This has a bit more to fall yet to reach fair value. The price CRW was listed at assumed huge growth - unfortunately this has not occured and thus CRW must come down to fair value price of sub $1.00. CRW is posting a loss of $14m each half year (up 212% from the last period). Net tangible assets at $31m, or $0.39c/share. In the absence of growth, I fear investors are beggining to price this company on an asset basis.
CBA vs APT , NAB purchase Neobank, ANZ & CRW, page-4
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