CGF challenger limited

0.61%

$8.18

mostly all fine- see attached - standard insurance weight. note...

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cobrakai1984

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16/03/23

19:07

Post #: 66809638
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Originally posted by madamswer: ↑

"Why the hell has CGF been battered substantially more than any other financial? Does it have an exposure to SVB?"

Doesn't need to have direct exposure to any failed/failing bank to be battered.

It's financial derivative business, so it is subject to a bit of a "Shoot Now; Ask Questions Later" response from the market when the market becomes unsettled.

But even at a fundamental level, in essence, CGF business can be described as "debt capital market arbitraging", so when bond yields tumble (as they have done over the past several days) it is impossible to model what that volatility means for CGF's earnings.

So its a black box business that no one really understands.
Hence, "Shoot Now; Ask Questions Later".

(For my sins, I have assumed the counter-party position by buying the stock today. Black box, though it is.)

.

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mostly all fine- see attached - standard insurance weight. note cgf doesnt lend anything or hold deposits, and annuities are longer duration
market is just repricing financials lower.

CGF Price at posting: $6.47 Sentiment: None Disclosure: Held
2 Upvote

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(20min delay)
Last $8.18		Change -0.050(0.61%)		Mkt cap ! $5.655B

Open	High	Low	Value	Volume
$8.27	$8.37	$8.17	$13.30M	1.618M

Buyers (Bids)

No.	Vol.	Price($)
2	2824	$8.16

Sellers (Offers)

Price($)	Vol.	No.
$8.18	86446	1

View Market Depth

No.	Vol.	Price($)
2	2824	8.160
1	3000	8.150
2	10370	8.100
1	124	8.060
1	1883	8.050

Price($)	Vol.	No.
8.180	86446	1
8.210	2824	2
8.230	3000	1
8.300	2000	1
8.330	1443	1

Last trade - 16.10pm 01/08/2025 (20 minute delay)

CGF (ASX) Chart

mostly all fine- see attached - standard insurance weight. note...

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mostly all fine- see attached - standard insurance weight. note...

Top Stories

'Rising demand': Lakes Blue Energy starts well-timed Wombat-5 gas drilling

Crickets as Horizon Oil unveils new project picked up in Thailand

Market shrugs off Bellevue's 'conservative' FY26 guidance

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Infini Resources appoints Rohan Bone as CEO ahead of Phase 2 campaign

Prospect Resources: Replicating the success of Arcadia with ~1b tonne copper ore target

Week 31 Wrap: Oz core CPI @ 2.7%! But here come tariffs. Again. Next Friday

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News