why is this company languishing?
I don't understand what it is that the stockmarket don't like about CKR? In this year's annual report:
High dividend yield (approx 10%) Consistently been profiting over the past 4 years. Earnings per share of 3.6c Consistent growth with shareholder equity growing by 10% to 44.06 Million. This seems like a quality stock ... I first read about it in Shares mag listing of their picks for 2005 (pg 61, Feb 05)... so I can't understand why the market doesn't like it ... can only agree with Shares mag assessment then when they say that it's possibly more a reflection of sector sentiment than anything else. Also ... PE ratio is 9! Times interst cover is also safe at 4.8. Only negative I see is that debt is 46.4% of equity.
And another advantage is that they create a product which is firmly a past time of mine lol.
CKR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
