Ive been a LT supporter of CAA and Ive said it a number of times now. The company is my single largest holding and I am currently a T20 holder.
The stk will continue to fly under the radar until it can stabilize its results. Underlying results (EBITDA) show a very profitable business. The latest brkr reports have a 15c val. on it. I very much doubt it will trade around this price however as I have upgraded divdend dist. to ~ $0.01ps. In reality it could b more due to cash at bank and forecast npat. Eg: frm discussions with company it does look like they will achieve bottom line profit of $7.5M for CY16.
Its been a frustrating stk as its been a 2yr wait for that 'turn the corner' moment. We are very very close.
My personal view is that we'll trade ~20c in 6mths and 30-40c in 12-18mths time before stablising.
CAA Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
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