CAA 0.00% $9.30 capral limited

Interesting after-hours trading activity Friday with 1/3 of days...

  1. 89 Posts.
    lightbulb Created with Sketch. 43
    Interesting after-hours trading activity Friday with 1/3 of days trade taking place at 11c.

    Another interesting point I found from the half-yearly report is there is no allowance for the scrap revenue. Looking back on previous half-yearly and full-year they are consistent with how they account for scrap revenue at the full-year only. Historically, scrap revenue accounts for approximately 7-8% of Revenue which is a significant total revenue contributor each year - 32M 2018.

    Additionally, with Capral shutting down some of their facilities, a significant Occupancy costs reduction is noticed on the half-yearly.

    2018 Occupancy cost = 10,169m
    2019 Occupancy cost = 1,111m

    Finally, the CEO mentions the efficiency improvements from the Capex spent last year starting to be material next qtr. Traditionally, Capex spend has a 3 year ROI, with 10m invested in Capex last year that is another 3m in cost savings each year.

    Given the above and the loss they recorded last half-year, one could draw a conclusion that this is likely the bottom and a decent re-rate is coming for Capral over the next 6 months.

    Ridiculous MC at these levels.

    Congratulations to the buyers who picked up on the short term panic.
 
watchlist Created with Sketch. Add CAA (ASX) to my watchlist
(20min delay)
Last
$9.30
Change
0.000(0.00%)
Mkt cap ! $164.4M
Open High Low Value Volume
$9.30 $9.30 $9.21 $107.2K 11.58K

Buyers (Bids)

No. Vol. Price($)
1 648 $9.21
 

Sellers (Offers)

Price($) Vol. No.
$9.37 912 1
View Market Depth
Last trade - 16.10pm 28/03/2024 (20 minute delay) ?
Last
$9.21
  Change
0.000 ( 1.23 %)
Open High Low Volume
$9.21 $9.21 $9.21 87
Last updated 14.21pm 28/03/2024 ?
CAA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.