Clover had a write up in Brendan Lau's Small Caps column in last Thursday's AFR.
Main points:
- Some believe CLV is under-appreciated since it is on track to post 60% sales growth in the new financial year.
- CLV has delivered a 39% annual return compared to 11% for the ASX Small Industrial Index.
- CLV has tumbled 11% from Feb's five year high of 32c after its joint venture posted worse than expected losses.
- Healthy balance sheet with $30 million in cash and no debt.
- Microequities is forecasting a 30% lift in net profit to $4.2 million for 2009-10.
- Next year's result could be even better if CLV sold some of its non-core assets.
- Carlos Gil from Microequities believes the outlook for CLV couldn't be brighter with exposure to the fast growing Omega-3 market in particular Asia.
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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 |
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