All true but to properly value a business you can't just ignore their vulnerability to market movements, especially when their earnings are significantly derived from said market movements.
Clearly their investments are overwhelmingly defensive but regardless a broad based sell off will affect their profitability, equity value, return on equity & share price. Potentially long term, it took the better part of 6 years for CGF to recover after the GFC. I don't want my capital impaired for 6 years, even if I plan on holding for 30+ years. So my question is - how do YOU value the risk.
Potential takeover target, page-28
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Last
$6.93 |
Change
0.040(0.58%) |
Mkt cap ! $4.761B | |||
| Open | High | Low | Value | Volume |
| $6.96 | $6.96 | $6.90 | $324.6K | 46.68K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 1354 | $6.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.94 | 1285 | 4 |
View Market Depth
| Last trade - 10.11am 15/07/2024 (20 minute delay) ? |
| CGF (ASX) Chart |