I still have it - has worked well for me, buying when price is depressed at various times.
Management seem very competent and slowly extracting efficiencies. Decline in AUD should contribute to a stronger manufacturing in Australia and therefore potential for increased demand.
Historically, CKL does not seem to have had a lot of institutional interest and has traded on low multiples, so any improvement could easily push it into the "re-rate" zone, where it might start to appear in the indices and get the double whammy of earnings growth plus better multiples.
They tend to report very early in the reporting season, so good potential for anyone who likes to trade the announcements - although if the agm forecast of lower NPAT than pcp was correct, there is more likely to be weakness. Could then be a good buying opportunity if they stick to their forecast for "profitable growth" on the full year and full benefits of restructuring in 2015.
CKL Price at posting:
86.0¢ Sentiment: Hold Disclosure: Held
