They announced a share buy back, any investor would know that is great news... also they updated the market two months ago in relation to how the business is doing..
Historically if the business isn't tracking according to their guidance they would update the market.. So in theory if silence is any indicator it is good news..
In regards to the dividend given in sep 09 of .05c(5% of traded price), theres nothing small about that especially for a company that just paid 55m of debt during that year and still profitable during the worst economic times..
It's also on a NTA of $3.30 do you know what this means..
It means if they close shop today they can expect to sell the business for around 3.30 per share..The stock is currently trading at 2.15/2.30...
Plus the reason why it fell so much is because its so illiquid that during the GFC you saw alot of selling causing the price to collapse...the same when good news comes out with illquid stocks..they tend to POP...anyhow keep this baby on your watchlist and see it ROCKET in the coming weeks when they announce their half yearly earnings...
cyg..ready to rocket???, page-3
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Last
$1.35 |
Change
0.020(1.50%) |
Mkt cap ! $145.9M | |||
| Open | High | Low | Value | Volume |
| $1.32 | $1.38 | $1.32 | $67.29K | 49.84K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 15999 | $1.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.38 | 4999 | 1 |
View Market Depth
| Last trade - 15.32pm 29/11/2024 (20 minute delay) ? |
| CYG (ASX) Chart |
