Australia's largest stock trading and investment forum Australia's #1 stock forum

CLT

Click for more information

0.00%

2.6¢ cellnet group limited

good buying today imo.

First 3 Last

Share
Profile

Follow
fellini

1,839 Posts.

74

20/11/20

13:57

Post #: 49021254
Share

Originally posted by gaxford: ↑

As of June 30 2020 there were only 2 substantial shareholders Wentronics (michael wendt (53.6%) Thundering Heard and Faraday Capital (Related Parties 9.31%) Assuming the remaining top 20 shareholding are unrelated non of them had over 3.6%...
So all we know is that the Wendt and Thundering Heard didn't change their holdings by more than 1%...
and no one else acquired a 5% stake on Friday..
anything could have happening with the remaining 37% float.. (about 86mm shares).. which coincidentally is around the volume last Friday..
so who knows.. my guess is that 10-20% of the shares have new owners... but its only a guess...
i think we'll be waiting for new info or the semi annual report in Feb to get this one moving again..
Seems cheap to me at 1.5x expected EV/EBITDA... but i guess we will have to see if the new earnings growth is sustainable or not.

Expand

good buying today imo.

CLT Price at posting: 6.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

I88

Infini rolls on with soil sampling at Portland Creek not long after making possible 'uranium history'

TLG

Talga expands Prospectus Offer to $9M, banks $18.5M overall since end of financial year

EMR

Emerald expands underground resource by 105Koz at Cambodian gold mine Okvau

EBR

EBR reaches review milestone for wireless cardiac pacing device

HYT

Twiggy Forrest to acquire 40% of native hydrogen explorer – not long after putting Fortescue Future Industries to sleep

First 3 Last

Add CLT (ASX) to my watchlist