HW - thanks for that - yeah it seems like the acquisitions could be a bit of a smokescreen for declining growth rates. I notice NPAT grew only 12.2% for H2 on H2. I have a feeling that CRZ's growth rate will not be recouping recent growth rates. At a 12% growth rate for the last period - either that is a massive aberration, which is certainly possible, or this should be trading on, say 15X PE to adjust for risk - using a PEG rule of thumb. Even at 19x fc 2015, this will be trading at a bit over $9.
However I notice that on FNarena - there are 6 broker updates, with only 1 sell and 5 add/buy etc. I have a feeling that a lot of retail buyers will be collecting this off the institutions as they sell. Or maybe they all know something that I do not.
(I bought a new car recently and tried to use carsales to gauge selling prices etc- thought it may help with haggling with the dealer - but it was not helpful tbh. However different story for a used car I think.)
- Forums
- ASX - By Stock
- CRZ mentioned in ITNews article
HW - thanks for that - yeah it seems like the acquisitions could...
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CRZ (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online