Looks like Cav is on the move - it's hit it's highest point in 12 months. Excuse my ignorance, but why all the sudden interest?
Printable View
Looks like Cav is on the move - it's hit it's highest point in 12 months. Excuse my ignorance, but why all the sudden interest?
After a lot of negative announcements it appears the market is pricing in the expected pick up in earnings. The pick up in earnings is due to the increasing building activity around NZ (and Aussie to follow at some point)
What is surprising is that recent rises are happening at the same time the price of wool is going up..
It is a negative for the wool carpet business though. Increases the cost of the end product - one of the reasons synthetic carpet is getting more of a look in. However, CAV have synthetics available now
Sparks keep the price in the 180s when building his stake
Now the turn of spark's fan club of dedicated followers to keep pushing the price up
that W bottom... sighs...
You guys will get over 200 tomorrow ....a real milestone hasn't been there since early last year
Must be a few more to jump in yet ...not too late ....remember the share price has been over 4 bucks once.