There is still a massive growth path ahead. Japan will be the main short-term driver along with Australian distribution. Both provide material upside from current prices.
For example if CGF can attain a 10% market share in Japanese foreign annuities, if priced at a P/E of 20 the share price will have virtually doubled. CGF currently has about 3-4% market share in Japan, so 10% is definitely achievable in the medium term.
How high will CGF go ?, page-36
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 (20min delay)
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Last
$6.63 |
Change
0.065(0.99%) |
Mkt cap ! $4.582B | |||
| Open | High | Low | Value | Volume |
| $6.54 | $6.66 | $6.53 | $8.987M | 1.352M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 1578 | $6.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.63 | 3852 | 26 |
View Market Depth
| Last trade - 14.27pm 05/06/2024 (20 minute delay) ? |
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Last
$6.62 |
Change
0.065 ( 0.95 %) |
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| Open | High | Low | Volume | ||
| $6.55 | $6.66 | $6.53 | 120917 | ||
| Last updated 14.49pm 05/06/2024 ? | |||||
| CGF (ASX) Chart |