CGF

2.41%

$6.37 challenger limited

TransversalAre you able to provide some detail on 2?Are you...

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donnyk01

262 Posts.

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01/11/18

12:19

Post #: 36349992
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Originally posted by Transversal: ↑

You're welcome.

In terms of why anyone (with or without "muscle") would want to short CGF, beside the ongoing RC saga, here are some possible additional “thematic” reasons:

1) Falling stock/property prices will hurt the value of CGF’s Life investment portfolio.
2) Rising yields will lower the value of CGF’s fixed-income assets and increase CGF’s cost of funding.
3) The extension on CIPRs will slow down CGF’s forecast growth path.
4) The arrival of new competitors in the Australian annuity industry will take market share away from CGF and compress margins.

So, there is no shortage of “negatives” that market participants may want to focus on, if they are so inclined.

But, when it comes to deciding whether I want to take the long or the short side of a position, I personally feel that the most important thing is to determine what the current price is already factoring in.

And in the case of CGF my view is that, even under very conservative assumptions, the current Market Cap is more than justified.

Cheers

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Transversal

Are you able to provide some detail on 2?

Are you referring to Australian interest rates or something more international like US interest rates or 10 year treasuries?

Thanks

CGF Price at posting: $10.69 Sentiment: Hold Disclosure: Held
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0 Great analysis

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(20min delay)
Last $6.37		Change 0.150(2.41%)		Mkt cap ! $4.402B

Open	High	Low	Value	Volume
$6.25	$6.43	$6.22	$26.64M	4.198M

Buyers (Bids)

No.	Vol.	Price($)
1	880	$6.35

Sellers (Offers)

Price($)	Vol.	No.
$6.37	999	1

View Market Depth

No.	Vol.	Price($)
1	65	6.280
2	3903	6.240
1	2400	6.230
2	10266	6.220
2	8048	6.200

Price($)	Vol.	No.
6.400	21000	2
6.470	267	1
6.490	1000	1
6.500	3979	3
6.520	9693	2

Last trade - 16.10pm 13/09/2024 (20 minute delay)

CGF (ASX) Chart

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