The market response following the recent profit guidance appears harsh.
Very rough calculations would see the current half year result come in at around 9-10c NPAT per share. CDA is not talking a LOSS - it is about a reduced PROFIT from the recent excellent but perhaps rather lofty levels of the last two half-yearly periods.
Plenty of room for a healthy dividend still exists and even if the payout for the final half is reduced to a very conservative 4c per share then at the current SP this an annual yield of over 6% fully franked.
I have a small number of CDA shares and have already bought a few more at these lower levels - would like to have the spare cash to buy a few more!
My expectation is that once the volatilty of the current market settles a little then there will be a steady progressive upward re-evaluation of the SP of CDA - and I see that happening sooner rather than later (IMHO).
I believe that fund managers have dumped the stock until the final figures for the second half (and the full year) are released and will review things after that - these results should be announced around early August 2013.
DYOR - these are just my thoughts - don't rely on me for your investment decisions.
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Last
$11.82 |
Change
0.160(1.37%) |
Mkt cap ! $2.134B |
Open | High | Low | Value | Volume |
$11.64 | $11.85 | $11.62 | $439.4K | 37.30K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 475 | $11.82 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$11.84 | 507 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 465 | 11.820 |
3 | 328 | 11.810 |
6 | 697 | 11.800 |
4 | 616 | 11.790 |
5 | 827 | 11.780 |
Price($) | Vol. | No. |
---|---|---|
11.840 | 326 | 8 |
11.850 | 245 | 6 |
11.860 | 325 | 4 |
11.870 | 528 | 6 |
11.880 | 539 | 8 |
Last trade - 12.10pm 05/07/2024 (20 minute delay) ? |
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