Well no-one has such a crystal ball. Better just to buy cheap and hold.
I trimmed down to 100k shares just because I had so many. Long term story still looking good.
Talk of administration is rediculous when the company is cashflow positive and has no net debt.
They need the bank to finance working capital.
Another year of stable performance is fine, if you buy a turnaround you should expect 3-5 years. The market is just impatient and was expecting a miracle.
Ann: 2016 AGM CHAIRMAN'S PRESENTATION-CDD.AX, page-27
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23.0¢ |
Change
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Mkt cap ! $13.28M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 23.0¢ | 22.0¢ | $15.44K | 70.14K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4646 | 22.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 29891 | 1 |
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