I hold CXG, and I am pleased to see how well its financial performance is travelling. On the matter of the big picture, being in the mining-linked rail business in WA has to be a plus.
CXG has reasonable financial metrics in that it is not going to implode into a cashless void, and hence in simplistic terms, I wonder why the price earnings ratio (PER) is not at least 10? If the PER were 10, then with an EPS of 21 cents, the price should at least be $2.10.
One could postulate that CXG is a relatively unknown share, and it is lightly traded, so it has slipped under the radar for investors, and it is not suitable for quick-trick traders. However, as CXG pays a nice dividend, we tortoises can wait a long time for the share price to find its rightful price. I had 34,400 CXG shares, and bought another 14,000 today - all for my superannuation fund.
Pioupiou
CXG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
