Well the stock is now trading below their book value based on 07 accounts which was $2.68.
I think the company needs to come out to the market and fully explain their mortgage book position and where it is allocated. Clearly the market is pricing in that they will have to do some sort of major write down. Either that or there is some inside information been traded on.
This is ridiculous.
what is wrong with cgf, page-2
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 (20min delay)
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Last
$6.57 |
Change
-0.050(0.76%) |
Mkt cap ! $4.519B | |||
| Open | High | Low | Value | Volume |
| $6.62 | $6.64 | $6.54 | $2.247M | 340.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 2378 | $6.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.57 | 7297 | 40 |
View Market Depth
| Last trade - 14.31pm 17/06/2024 (20 minute delay) ? |
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Last
$6.55 |
Change
-0.050 ( 1.81 %) |
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| Open | High | Low | Volume | ||
| $6.63 | $6.64 | $6.54 | 93746 | ||
| Last updated 14.50pm 17/06/2024 ? | |||||
| CGF (ASX) Chart |
