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Positive Expectancy
- Joined
- 24 September 2008
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Re: CFX - CFS Retail Property Trust Group
The CFX share price not only rebounded from the $2.03 - $2.04 levels to the anticipated $2.09 it continued up to tickle $2.19. Someone must have miss read the script and kept buying when the share price pushed above $2.11. Last time CFX dipped to the $2.03 - $2.04 levels it looked like it was being held there while someone was accumulating on a largish scale. This time the share price has been pushed down on global uncertainty factors which usually means international investors are pulling the funds out of the share market and switching to US bonds as a safe haven for their dollars. This suspicion is supported somewhat by the fall in the Aud$ against the US$ (although the "jaw boning" by Glen Stevens could contribute to this also).
With a yield of 6.63%, a price earnings ratio of 16.33 and the reporting season getting underway, traders may be wondering if this is a good point to enter for a trade or will the global uncertainty factors push the price down further? Hard call. As always do your own research and good luck.
The CFX share price not only rebounded from the $2.03 - $2.04 levels to the anticipated $2.09 it continued up to tickle $2.19. Someone must have miss read the script and kept buying when the share price pushed above $2.11. Last time CFX dipped to the $2.03 - $2.04 levels it looked like it was being held there while someone was accumulating on a largish scale. This time the share price has been pushed down on global uncertainty factors which usually means international investors are pulling the funds out of the share market and switching to US bonds as a safe haven for their dollars. This suspicion is supported somewhat by the fall in the Aud$ against the US$ (although the "jaw boning" by Glen Stevens could contribute to this also).
| Code | Closing Price | Capital | Earnings $ | ROE | Dist $ | Yield % | P/E | NTA $ | Premium to NTA |
|---|---|---|---|---|---|---|---|---|---|
| CFX | 2.050 | 6,187,004,161 | 0.1255 | 6.12% | 0.1360 | 6.63% | 16.33 | 2.02 | 1.49% |
With a yield of 6.63%, a price earnings ratio of 16.33 and the reporting season getting underway, traders may be wondering if this is a good point to enter for a trade or will the global uncertainty factors push the price down further? Hard call. As always do your own research and good luck.