CAA - Capral Aluminium

There is a trading halt for a pending announcement. The share price has been rising steadily over the past couple of months, so one would have to imagine that it is going to be positive.

CAA

Hi,
Been looking at Capral (CAA) for a while now and I'm thinking that it may have reached its bottom price and be ready for a potentially massive turnaround. Of course any movement is a massive percentage when you are talking about a 20 cent share!
I bought in the day before yesterday at 17 cents and since then it has moved to 18cents and according to my comsec account there are almost as many buyers as sellers, 19 to 21, and the buyers are after more units. Also there the several momentum indicators i've been looking at seem to be moving toward the right direction.
There is stong support at 16cents so I've got a stop on at .155.

Was hoping I might to be able to get some thoughts/comments about whether people think its a good decision to buy into CAA
thanks

CAA have had quite a few false starts at coming good over the last few years as witnessed by the frequent cash issues and assistance from major shareholder GPG.

Personally, I'd be looking for some evidence in the form of a stronger SP that the trend has turned around before taking a flyer on this one.

Maybe you're right. Lets hope this time its not a false start cos I already bought into CAA. Guess time will tell.

Thanks for your help. I'll keep my eye closely on this one

wowsers, no posts since 2010.

MC of $160M
pays dividends
PE about 6
yield about 6% ff


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mentioned in dispatches

How two Aussie companies are uniting to get our defence manufacturing back on shore​

Austal, one of Australia’s largest defence companies, has been at the forefront of the drive towards onshore defence sovereignty, providing our navy with shipbuilding capacity.

They’ve been in business for 36 years, and for over 25 of them, they have been assisted by Capral, a leading supplier of aluminium, which Austal have pioneered as a material in shipbuilding.

Aluminium’s natural corrosion resistance also means it forms a protective oxide layer, eliminating the need for extensive painting and coating, which not only extends the vessels' lifespan but also lowers maintenance costs.

Capral supplies Austal with a variety of aluminium products, including both sheets and complex extrusions, many of which meet rigorous DNV certification standards. The reliability of these materials is critical to Austal’s ability to deliver high-quality vessels on schedule.

“We’ve used Capral for over 20 years. It's about relationships, and with Capral, we’ve had a great relationship for a long period of time, and I expect one that will continue,” said Matt Klingberg, sales manager at Austal Australia.

Austal’s use of aluminium also aligns with its vision for sustainable and efficient shipbuilding. Aluminium’s recyclability and the improved fuel efficiency of lighter vessels contribute to the company’s sustainability efforts, an increasingly important factor for clients around the world.

With Capral’s continued support, Austal is well-positioned to advance its innovative shipbuilding approach and expand into new markets, including recent ventures in steel vessel construction.

“One of the important parts about Capral is our strategic agreement,” said Brett Carey, head of supply chain at Austal Australia. “It’s that long-term relationship we have with them. It’s nice to have a supplier where we can share a vision, share values, they understand our needs, and we can build a mutual relationship that’s best for both parties."