Happy to know others thoughts, but this one, in my opinion, could be due for a breakout to the upside. 5 day moving av about to punch through the 20 and 50 day to the north. Sentiment seems strong about 5x the volume on the buy side than the sell side since late last week. Volume building since start of Feb. Coming off from oversold levels sub $3. Yes, NPAT down from previous year, but wasn't as bad as market reacted. Oversold at this level IMO. P/e is around 7.
Paying a 13c dividend mid march (4% at this price). My target above 3.60 by mid march when the divy gets paid.
CDD Price at posting:
$3.23 Sentiment: Buy Disclosure: Held