See, even the brokers agree with me now....oh crap, that means I must be wrong!!!
DJ MARKET TALK: Challenger Financial Upgraded To Buy By Merrill
2301 GMT [Dow Jones] STOCK CALL: Merrill Lynch upgrades Challenger Financial (CGF.AU) to Buy with A$3.50 price target, which analyst says implies 77% 12 month total shareholder return. "While a further widening in credit spreads over 2H08 and illiquidity in RMBS markets pose near-term earnings headwinds, we believe CGF's 67% price fall since September has been overdone," analyst says. Reckons there is value upside of at least 40% even under a run-off or breakup scenario. Also says group has surplus capital of up to A$500 million supporting acquisitions or a share buyback, and says outlook improving, with credit markets conditions easing. CGF last at A$2.08. (LMF)
See, even the brokers agree with me now....oh crap, that means I...
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Last
$6.27 |
Change
0.050(0.80%) |
Mkt cap ! $4.298B | |||
| Open | High | Low | Value | Volume |
| $6.25 | $6.28 | $6.22 | $1.973M | 315.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 4007 | $6.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.27 | 5172 | 8 |
View Market Depth
| Last trade - 10.20am 13/09/2024 (20 minute delay) ? |
| CGF (ASX) Chart |