CML 0.00% 1.4¢ chase mining corporation limited

All ords bouncing around like a yo yo !

  1. 745 Posts.
    How hard is it picking a stock to put on 3 up days in a row. Im trying to find some bargains out there for short/medium term buys and welcome any feedback on blue chips.

    Some for note are:

    CML - is trading 32% PER discount to WOW on forecast FY2005 earnings. Ok its a long time out, but relative to some media and telco forecast earnings that are probably projected into the next century. BNP have a 12 month target of $9.5

    ANZ - is now trading at 12x 2003 earnings, and definately is the cheapest bank in the sector. I recently sold at 19.40 after picking up at 17.57, the reason being, there might be some short term weakness after interest rates are hiked and ex-div date is reached. I would look at getting back in in the mid to low 18's.

    FXJ - Ok Ive mentioned media above, but, $3.50 seems to be a strong support area, and the stock seems to quite easily run to $4.00 when some good news hits the sector. Shaws have stated that FXJ is well situated for any growth in the sector and reckon it can hit $5.00.

    RIO/BHP - both have retracted around 20% and seem to have some value around these prices. Most analysts are expecting commidity prices to rise in the second half of the year, and it could be a good idea to get set in these stocks soon.

    TLS - well what can you say, the govt is still rubbing hands, and other things after selling t2 shares for 50% above todays price. Its hard to see where the growth is comming from, and maybe needs the t3 free float to get things moving ahead. That said, it probably is one of the best performing telcos world wide, and has been subjected to other telcos miss fortune. TLS is a cash cow, and I reckon 5.50 - 6.00 is a shrt medium term target.

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Mkt cap ! $6.553M
Open High Low Value Volume
1.5¢ 1.5¢ 1.4¢ $32.86K 2.344M

Buyers (Bids)

No. Vol. Price($)
2 700000 1.4¢

Sellers (Offers)

Price($) Vol. No.
1.5¢ 422452 2
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Last trade - 15.00pm 27/05/2022 (20 minute delay) ?
0.000 ( 6.67 %)
Open High Low Volume
1.5¢ 1.5¢ 1.3¢ 414714
Last updated 14.31pm 27/05/2022 (live) ?
CML (ASX) Chart
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