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CMV, CMA CORPORATION LIMITED |
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![]() Posts: 1,441 Thanks: 37 ![]() |
Yeah, sorry mate, missed that 5million on close...... O puss sounds about right....... CMV safe as houses imo....wish I had some spare cash this morning. |
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![]() Posts: 8,001 Thanks: 403 ![]() |
700,000 (excluding the 5 mill XTSP) a reasonable amount for CVI, but if O puss related it could bounce well when done? -------------------- |
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![]() Posts: 1,441 Thanks: 37 ![]() |
Wasn't too much of a dump....some lucky punters got a bargin or two..... Under 70c is a bargin if you have a longer term view imo.....Although it may take a while to climb back up there..... |
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![]() Posts: 8,001 Thanks: 403 ![]() |
Hmm well that didn't last. Last couple of days related to the rotting Opes Prime carcass?? -------------------- |
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![]() Posts: 8,001 Thanks: 403 ![]() |
Well if it can hold its ground above 70c today then its done well Leaky,...as long as world markets don't try bungee jumping with out the rubber thingo ![]() -------------------- |
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![]() Posts: 1,441 Thanks: 37 ![]() |
Looks like we may be back above the 70c line ...hopefully turns into support. Someone wanted a few today & nice finish at 75c. Wonder if there's some more nwes on the way soonish........ |
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![]() Posts: 8,001 Thanks: 403 ![]() |
Seemed to take a couple of days for Mr Market to digest the half yearly, but share price has woken up a bit the last couple of days with price back to previous resistance at 72c ![]() -------------------- |
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![]() Posts: 1,441 Thanks: 37 ![]() |
Well, I thought the half yearly was acceptable & good to see a return to dividends albeit a little shy of the 55% level previously cited. Hopefully 2nd half dividend should compensate. 2nd half will have a bit of a drag from Chicago ramping up to full capacity & maybe still a bit of drag from Vic Meretec but looks like 2nd half should be a lot stronger for CMV. with acquisitions, TPI & remedial division all starting to come in strongly. (Think there was a once off payment to NZ company for performance in 1st half?) Not the most exciting stock round but looks safe as houses from here on in & < 70c looks very cheap given scrap prices & Meretec plants coming on line...not to mention Green appeal. |
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![]() Posts: 1,441 Thanks: 37 ![]() |
Looks like we are getting a bit of notice around the traps at last..... http://compareshares.com.au/wise36.php Also a couple of Meretec releases that are worth going over again. http://sa.iguana2.com/cache/0c5a69da37c93e...-CMV-395306.pdf http://sa.iguana2.com/cache/61179b25df8cc7...-CMV-377859.pdf Luck all. |
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![]() Posts: 1,441 Thanks: 37 ![]() |
Yeah mate.....All goodly stuff. Meretec works & works well....Just got to build the plants. Its not like peoples don't want the product....& CMV can do it in a semi environmentally friendly way. (Better than raping the land anyways). We may hear more about Meretec expansion plans shortly. Chicago right next door to industrial belt of USA & wouldn't be surprised to see another plant pop up in Australia at some stage. 08/09 should be exceptional year for CMV....& hopefully doing well in the current year as well. |
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