CAG 0.61% 82.0¢ cape range ltd

U seller - Fair dinkum?

  1. 20 Posts.
    A U seller at $0.041

    Buyers
    Number Quantity Price
    1 83000 0.036
    2 270059 0.035
    4 113235 0.034
    1 30000 0.033
    1 30000 0.029
    1 50000 0.028
    1 100000 0.027
    1 100000 0.026
    1 400000 0.025
    1 500000 0.020

    Sellers
    Price Quantity Number
    0.038 121300 2
    0.039 586626 6
    0.040 410835 5
    0.041 121500/U 2
    0.042 239500 3
    0.044 410238 2
    0.045 446450 3
    0.046 279600 4
    0.047 100000 1
    0.048 200400 2


    I would have to querie the genuineness of this sale position. As I understand a U bidder or seller requires to be valued at a$200,000 therefore at least 4,878,048 shares.

    With daily volumes averaging 601695 for the past 20 days, an estimate extending back would seem to show similar volumes for an extended period.

    2/9/2002 614238
    427194
    70000
    612950
    737000
    477501
    795750
    621500
    138750
    2070665
    1167877
    212700
    872000
    350183
    786428
    160868
    169300
    197700
    1731299
    6/8/2002 0

    Total 12213903

    Share price high of $0.045 and low of $0.035 during the 20 day period.

    Since 22/07/02 the share price has traded to a high of $0.045.

    During this period 17 days have traded to $0.04 or lower with the past 7 days being $0.038 or lower. Yesterday a rise from $0.035 to $0.038 with most trades at $0.038.

    Should someone have 4,878,048 to sell and believed the share price was to fall farther, surely they would not bring attention to the share price by emerging as a U seller above the current share price when volumes would determine 8.1 days trade to sell that number of shares (on average daily trades).

    Is there a double bottom, low $0.035 ( 6/05/02 and 30/08/02) high $0.055 (10/07/02).

    With CAG announcing $90mil in contracts in recent months and the market not really embracing the contracts the share price has remained near all time lows.

    If CAG can make $20mil nett from these contracts over 2 years that gives $0.01 yearly earnings per share (1 bil shares) per year. therefore with a PER of 12 gives the share price the potential of $0.12 per share. Surely this is a conservative outlook.

    Yes I own CAG and would appreciate other views.



 
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Last
82.0¢
Change
-0.005(0.61%)
Mkt cap ! $68.59M
Open High Low Value Volume
82.0¢ 82.0¢ 80.0¢ $14.24K 17.38K

Buyers (Bids)

No. Vol. Price($)
1 2750 78.0¢
 

Sellers (Offers)

Price($) Vol. No.
80.0¢ 5000 1
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Last trade - 15.17pm 15/11/2019 (20 minute delay) ?
CAG (ASX) Chart
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