Even in this scary time of possible nuclear disaster in Japan, clover looks cheap at this level and I suspect others agree given its support around 30cents.
One thing to mention in the context of dissapointing sales penetration into the Americas and perhaps a "slow" and conservative management are our healthy margins and whether this is due to sustained worldwide food price inflation.
Yeah revenues are down/delayed which is never pleasing, yet despite this and increased R&D costs, and FFI divestment costs, and a high dollar, our profit is up?(slightly) Someone at the tiller is doing an ok job...
Plus the new products are exciting. Lets not forget the "50% of revenue is from products developed in the last few years" tag. That's a simple, but very meaningful stat
But always the problem with illiquid and unsexy stocks like this is that the price on any given day isn't really the price - because if you want to buy or sell more than peanuts you'll be pushing the price up to 20% in the wrong direction. I expect Clover to be trading above 35cents in the coming weeks, a 17% gain, and yet in the last three months, a whole days worth of trading only surpassed $250k 4 times!
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Last
49.0¢ |
Change
-0.005(1.01%) |
Mkt cap ! $60.11M |
Open | High | Low | Value | Volume |
49.0¢ | 49.5¢ | 49.0¢ | $8.983K | 18.23K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 32789 | 49.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.0¢ | 44797 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 7695 | 2.000 |
1 | 796 | 1.995 |
1 | 796 | 1.990 |
1 | 796 | 1.985 |
1 | 796 | 1.980 |
Price($) | Vol. | No. |
---|---|---|
2.030 | 7190 | 2 |
2.040 | 2620 | 3 |
2.050 | 16114 | 2 |
2.060 | 2764 | 2 |
2.070 | 3787 | 3 |
Last trade - 15.45pm 15/11/2024 (20 minute delay) ? |
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CLV (ASX) Chart |
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