Close the Loop - CLG

[bull....]

here's latest presentation


https://www.youtube.com/watch?v=18d9u4vRewA


looks interesting company with potential , i hold

[kiora]

Looks interesting thanks Bull

[Joshuatree]

Looks interesting thanks Bull

Been holding a while,great sector to be in,let's hope the rollups actually add value.

[bull....]

the price is re-rating still , according to market screener 1 analyst has valuation range 51 - 71 so at mid point in 60s 45c still appears undervalued.

https://www.marketscreener.com/quote/stock/CLOSE-THE-LOOP-LTD-129226118/consensus/

Also the fact insiders own 50% odd of the company appeals to me , i see value investors wilson still accumulating

http://research.iress.com.au/IDS/old/20230614/02676050.pdf?uid=A7EA68A2FFA97745D4EA72E3770C12E6D C3400000BB660CB4E05E640093D250091850000&ppv=

surprised pie funds not all over this one as it meets a number of their investment criteria

[sb9]

the price is re-rating still , according to market screener 1 analyst has valuation range 51 - 71 so at mid point in 60s 45c still appears undervalued.

https://www.marketscreener.com/quote/stock/CLOSE-THE-LOOP-LTD-129226118/consensus/

Also the fact insiders own 50% odd of the company appeals to me , i see value investors wilson still accumulating

http://research.iress.com.au/IDS/old/20230614/02676050.pdf?uid=A7EA68A2FFA97745D4EA72E3770C12E6D C3400000BB660CB4E05E640093D250091850000&ppv=

surprised pie funds not all over this one as it meets a number of their investment criteria

Yeah great potential here, got on board recently. Interesting business and one for future.

[bull....]

Yeah great potential here, got on board recently. Interesting business and one for future.

yep hoping it re-rates to fair value in the short term , i agree with you need time for the company to really grow as they replicate the business in the different continents.
As they have said in there presentation there is the potential for them to become world leaders in this space. So if that was to occur mega baggers ? possible in time

[sb9]

Solid gains in an otherwise downbeat market sentiment overall.

[bull....]

yes looking good , hopefully multi bagger over time

see morningstar have a valuation rating undervalued target 64c

[sb9]

Almost 50c, closed 0.05 cent shy of it. Seems some strong institutional buying into this one currently.

[sb9]

Looking strong in the lead upto FY results later in the month.

[bull....]

yep should if everything goes according to companies growth plan become a multi bagger in time for us s/h's

[bull....]

amazing result

FY23 Highlights:
• Revenue of $135.9 million, up 52% on the prior corresponding period (pcp)
• EBITDA of $24.3 million, up 70% on pcp
• NPBT of $14.9 million, up 113% on pcp
• Core business continues to achieve strong organic growth
• Cash balance of $49.5 million
• Strong operational cash flows
• Successfully completed transformational acquisition of ISP / CTC, solidifying company as a globalclosed loop ESG market leader

• FY24 revenue is forecast to be approximately $200m, with EBITDA of at least $43m

amazing growth forecast for yr 24

http://research.iress.com.au/IDS/old/20230828/02703009.pdf?uid=A4E078A62FFF9239572A2AC5708C7361A 746000024EB5C79F00DE640093D250091850000&ppv=

[Rawz]

Looked like a decent result but SP didn’t move? Why’s that?

[bull....]

Looked like a decent result but SP didn’t move? Why’s that?

someones supressing the share price i reckon. been like that for a mth or so probably insto accummulation going on thats how they do it sometimes.

[sb9]

someones supressing the share price i reckon. been like that for a mth or so probably insto accummulation going on thats how they do it sometimes.

Won't be long before it takes off in the short term past 50c at the least.