CNN cardia bioplastics limited

Very much so Askier when you look at the other 2 major...

  1. 13,252 Posts.
    Very much so Askier when you look at the other 2 major competitors on page 16 of the latest presentation you see how under valued CNN is. With comparing Sales to MC I suggest around 35 mil mc would be more reflective to where they are to date and very conservative. Companies on the cutting edge in manufacturing are always undervalued on the ASX until a tipping point comes. Look to how MHM and ADO struggled till a tipping point occured.
    With increased sales and one or two major contracts one feels that its not far away. Opps like this at an entry point way below cost come rarely.
 
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