On "The Call" last Thursday analysts Ben Clark from TMS Capital and Carl Capolingua from Think Markets labeled CVN as a "Sell". Main reason being that it will take a long time and a lot of money to get it off the ground thus high opportunity cost. Link is https://www.******.com.au/media/the-call-thursday-10-june-?videoId=11113 if you subscribe to it.
I still think this is a long term hold - one that goes in the bottom draw and look at it in a few years and will be justified by the returns.
Alternately I think there is money to be made on the short term strategy - if you have the arrogance to be labeled a shorter.
Patience to all
Make them pay!, page-970
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 (20min delay)
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Last
19.5¢ |
Change
-0.005(2.50%) |
Mkt cap ! $348.8M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.0¢ | 19.5¢ | $193.7K | 977.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 1493897 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 510753 | 14 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| CVN (ASX) Chart |