CKL 0.00% 70.5¢ colorpak limited

CKL will likely report to the market early August. While second...

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    CKL will likely report to the market early August. While second half is likely to be seasonally weaker than first half, there is a good chance they will beat last years underlying profit and report a continued growth outlook.

    More compelling is the likely growth in dividend levels as the company finishes the period of aggressive investment that has occurred post-CHH acquisition. CKL already trades on low normalised earnings multiples and a return to 50% payout levels would produce attractive yields.

    Management have demonstrated a proven track record in growth and acquisitions and, with the CHH acquisition now close to fully-digested, the market cap should begin to more fully reflect the growth in the business.

    I currently have a 12 month price target of $1.10 - $1.18.
 
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Currently unlisted public company.

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