I have held this stock from $2.38 and watched its various gyrations over the past year or more.
The only possible (longshot) explanations other than pure market manipulation as we've seen many times before is that there:
1) was mention of a decent chunk of performance shares to be issued at the end of this month and
2) that the profits from the WA and NT businesses will now be paid as dividends rather than re-invested in those states.
3) There is also possible tax time profit taking on a company that everyone should be well in front on and holders may be trying to erase losses from elsewhere. Even though you can carry the losses over, some people like to sell their winners to make them feel better when they front the accountant!
Perhaps the second point has caused for some sort of re-rate of the business as a dividend payer rather than a growth company?
Given that profits increased 20% and the share price has since dropped 20%, I wouldn't be surprised if there is another deal in the pipeline and the counter-party is trying to manipulate the price down to their advantage as we saw with the last deal for the NSW Vic restaurants.
I've taken the opportunity to buy more already and if it keeps getting ridiculous next week I will buy more.
Disc; my only worry is that I now own more shares than 75% of the directors...
- Forums
- ASX - By Stock
- CKF
- Solid results - deserves a higher SP
Solid results - deserves a higher SP, page-12
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CKF (ASX) to my watchlist
|
|||||
Last
$7.54 |
Change
-0.090(1.18%) |
Mkt cap ! $888.3M |
Open | High | Low | Value | Volume |
$7.59 | $7.60 | $7.50 | $1.250M | 165.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 412 | $7.54 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.55 | 15547 | 25 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 1949 | 7.540 |
11 | 4662 | 7.530 |
8 | 3415 | 7.520 |
9 | 9330 | 7.510 |
20 | 13969 | 7.500 |
Price($) | Vol. | No. |
---|---|---|
7.550 | 2976 | 18 |
7.560 | 7804 | 22 |
7.570 | 4082 | 12 |
7.580 | 2864 | 5 |
7.590 | 5210 | 6 |
Last trade - 10.58am 28/08/2024 (20 minute delay) ? |
Featured News
CKF (ASX) Chart |
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
Previous Video
Next Video
SPONSORED BY The Market Online