Ann: Catlex Releases First Quarter 2018 Trading Update, page-6

OK- you feel all warm and fuzzy about the result!
the real problem though for CTX is the location of the Lytton refinery! this 'time bomb' is located very close to densely populated urban development, a lot of which is very upmarket. i should know as i used to live in the precinct, but escaped before a possible catastrophe!

basically it means that Lytton will have to close down sooner than later.

ps- that's why i have always been hesitant about CTX, regardless of the possible about face by the ACCC on the BP/WOW takeover which WOW says is still a real 'goer'.

also ,the way they treat franchisees is not a good look and hopefully a class action will result!

apart from that, the only real reason they are still above $30 is because of AUD/US cross rates that can stuff their refiner margins.

look at the bigger picture, not just numbers-that's how you make money on the ASX.

cheers crazypunter