I havent posted on the CUS thread for quite a while having largely exited CUS at $2.50 before the violent drop. I have dipped back in over the last few days around 1.95 and follow the ATM market with some fascination. Anyway, I think all CUS holders or would be holders should take a look at ICPs recent earnings announcement. As a voluntary disclosure I bought into ICP at .41 this morning. The announcement is rather bullish and includes a forecast for EPS for FY11 of approximately 8cps. That puts ICP on a current year PER of 5 compared with a CUS current year PER of 12 (assuming FY11 EPS of 16cps). I dont think that ICP is currently in the same class or category of company as CUS and should not be trading on a current year PER of 12, however I dont think the significant valuation gap is justified based on the recent earnings guidance to the market. Say even at a PER of 8 you are looking at .64 cents a share, compared to the closing price today of .42. One thing I am confident about is that on a short term basis there is more share price upside risk in ICP compared to CUS. All just unqualified opinion so DYOR etc etc.
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Last
6.5¢ |
Change
-0.002(2.99%) |
Mkt cap ! $7.383M |
Open | High | Low | Value | Volume |
6.7¢ | 6.7¢ | 6.5¢ | $11.95K | 181.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 348333 | 6.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.5¢ | 55000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 348333 | 0.060 |
1 | 32000 | 0.057 |
1 | 33333 | 0.055 |
1 | 10000 | 0.054 |
1 | 9823 | 0.051 |
Price($) | Vol. | No. |
---|---|---|
0.065 | 55000 | 1 |
0.067 | 833 | 1 |
0.069 | 6395 | 1 |
0.078 | 7577 | 1 |
0.084 | 43000 | 1 |
Last trade - 10.37am 06/08/2024 (20 minute delay) ? |
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