mate, by answering simply "yes" and "positive" you literally...

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Mice00

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14/09/20

12:12

Post #: 47319415
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Originally posted by JosephTseHK: ↑

I strongly believed CGF is a GREAT bargain to buy.Here are my reasons and rationale:
1. Challengeris the Australian market leader of annuities. If someone takes out an annuityin Australia it’s likely to be a Challenger one, or at least a white labelChallenger product
2. A solid business model, business, profit making andbalance sheet (refer to FY 20 Financial Results 2020.8.21)
3. Successfully completed the $270 million fullyunderwritten institutional placement (Placement) atA$ 4.89 per share (in today’s share price, there is a nearly 25% discount fromthe A$ 4.89 – a premium of 25% for value investors to get)
4. Share Price is 64.45% lower than the 52-WeekHighest price – a big ASX Underdog!
5. Market Cap: A$ 2.5B (Ranking: 134) – this share is attractiveto other Australian or International Financial Group to take over if shareprice fell below A$ 3
6. Will CGF survive in next 5 years or 10 years? Theanswer is YES.
7. Will CGF share price increase 20-30% in the next 12months? The answer is POSITIVE
8. Will CGF be able to provide dividends again in thenext 12 months? The answer is POSITIVE
So, what else can you ask for if you have some sparemoney to invest into a solid financial company in ASX? You are welcome to provideyour comments/inputs and correct me if I have missed out anything!

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mate, by answering simply "yes" and "positive" you literally didn't provide "reasons and rationale" as u stated. It was quite the opposite

CGF Price at posting: $3.71 Sentiment: None Disclosure: Held
9 Upvote

0 Great analysis

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