It has been reported by Caltex that they are making a $2.5m investment for a 20% stake in the car-sharing business, Car Next Door.
Given this implies a value of $12.5m, it obvious that CL8 is currently grossly undervalued particularly in light of the recent business update release.
At some point the market will catch up with the true value of the DMC business.
Valuation of car sharing business
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1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.22M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 23849 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 25000 | 1 |
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| CL8 (ASX) Chart |
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