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$25.21 caltex australia limited

Why possible? CTX is either a beneficiary of the CTX and a mid...

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JCoure

12,929 Posts.

132

27/02/18

18:03

Post #: 31389364
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Originally posted by traineeinvestor ↑

Any reason why you think that?

Current share price is about 28% ahead of the 52 week low (almost a year ago) and in that time CTX has delivered improved operating metrics, made some eps accretive bolt-on acquisitions, is benefiting from an improved macro background and is possibly a beneficiary of the competition decision regarding the sale of WOW's petrol stations. I'm not seeing anything that suggests that these will change in the near term (acknowledging that POO and AUD are notoriously unpredictable). The only potential negative of any substance is the acquisition of minority stakes in overseas companies - even though the logic makes sense that strategy has often produced poor results for shareholders in other companies.

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Why possible? CTX is either a beneficiary of the CTX and a mid $30s price is acceptable or it is not in which case CTX will go back down to the early $30s imho but pls DYODD.

CTX Price at posting: $36.42 Sentiment: Hold Disclosure: Held
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0 Great analysis

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