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.
Hi Jon Shaw have stated to sell into strength Hi Jon Shaw have...
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Last
$32.94 |
Change
0.450(1.39%) |
Mkt cap ! $7.849B | |||
| Open | High | Low | Value | Volume |
| $32.42 | $32.94 | $32.24 | $38.79M | 1.187M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2643 | $32.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $32.95 | 1522 | 2 |
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| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| ALD (ASX) Chart |