Hi Jon Shaw have stated to sell into strength Hi Jon Shaw have stated to sell into strength---on the extreme short----but I'm sure you'd agree (without wishing to speak on your behalf) if the company improves itself--some things as you know are outside of it's control in this regard (margins) (but are better than they were) and its grocery strategy works which they started an a few years ago---to get away from reliance on oil---and more into supermarkets---I see Sir Ron Brierly to finance the partial acquisition of CTX---restoriung the dividend--so as to finance his loan costs.
I think from memory he has done this before--this is one of his strategies---which sounds like a good idea.
So I would see subject to all of the above happening--a valuation of more like 2.20---being appropiate---if CTX can really jazz it's act up--then higher---but at this stage 2.20
Cheers,--Steve.
dividend yield play (unconcerned with daily prices, page-4
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Last
$32.80 |
Change
-0.260(0.79%) |
Mkt cap ! $7.816B | |||
| Open | High | Low | Value | Volume |
| $33.10 | $33.10 | $32.37 | $72.85M | 2.183M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1535 | $32.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $32.80 | 150 | 1 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| ALD (ASX) Chart |