Being a fundamentalist, I'm not that interested in Machievellian market moves. That said, however, I am keenly aware that there are 33 mil
shares comming out of escrow ( by weak hands) next Thursday & the biggies in the know will want to scoop them up off market for a bargain.
IMO, CLI is quite aware of that and this is why we have had no announcement yesterday PM or today, IMO.
But back to fundamentals:
SP:.......................5,5c
Mkt Cap:............$21,99 mil
# of shares:........400 mil (undiluted)
IMO, prospective earnings:
Revenue
ex Hemp:.........................................$55 mil AUD
ex JV..................................................$3 mil AUD
ex Services:.......................................$2 mil AUD
Total revenue for CY 2019...............$60 mil AUD
NPAT:...............................................$40 mil AUD (post retiring loans)
EPS:................................................10c
PE:....................................................5 ( provided that management can convince Mr Market that CLI is a viable/profitable longer term company)#
SP:...................................................25c
# If not we'll have to settle with the 10c/share cash backed or Greenfund's conservative valuation of 20c.
It is not uncommonl for Hi-Tech emerging earners to command P/Es of 30+ but I guess agribusiness is a different gig !
All IMO only and shareholders/investors should always seek the advice of a licensed financial advisor before making any investment decision.
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Last
4.0¢ |
Change
0.007(21.2%) |
Mkt cap ! $3.419M |
Open | High | Low | Value | Volume |
3.3¢ | 4.0¢ | 3.3¢ | $2.745K | 73.90K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 42856 | 3.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.4¢ | 3850 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 42856 | 0.037 |
1 | 200000 | 0.034 |
2 | 215623 | 0.032 |
1 | 116567 | 0.030 |
2 | 43365 | 0.028 |
Price($) | Vol. | No. |
---|---|---|
0.045 | 3500 | 1 |
0.050 | 26554 | 2 |
0.090 | 179841 | 2 |
0.095 | 25000 | 1 |
0.100 | 10665 | 2 |
Last trade - 13.48pm 01/07/2024 (20 minute delay) ? |
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