CTP
https://www.asx.com.au/asxpdf/20190213/pdf/442l09c5w3z17y.pdf
I bought into CTP a long time ago. But it floundered in spite of its very promising future. The CEO, the founder, was sent packing. Then Macquarie Bank tried to take it over but small shareholders managed to expel its ambition. Well, that is the first hint that CTP is valuable! I am still at a loss but whenever I buy now, my average buying price is dropping!
The CM of NT has allowed fracking in these fields in Central Australia. That is another sign that will increase the value of CTP. Is fracking harmful? Definitely if it is done by a cowboy.
If you read the article above, you will really wonder why big institutions are not piling into this company. Basically, there is now a pipeline ready to transport gas to where the demand is by connecting to existing network. To transport gas from the NW of WA is currently too expensive as there is no pipeline; distance is a huge disadvantage there. As of today, this is my priority stock for growth and hopefully, for income in another few years. Fat Prophets in trying to convince to jump onboard their newsletter and financial advice, has recommended SPK and ORA. Both look decent but my JIN has outperformed them in the last few days. Too early to make any conclusion.
Based on what I read, ie the announcement by CTP yesterday, I expect it to be the growth stock for 2019 and the years after. There is constant reminder of gas shortage in the eastern states of Australia.
So when you tally up all these factors, I bought more CTP yesterday at 14c. And I will pile a lot more in soon when I have spare cash.
There is also helium in some of those fields...
posted by Club Mulgoa @ 10:19 AM
1 Comments:
Based purely on what I read in CTP announcement in the ASX, the company will be expected to make great strides in 2019 and 2020 when it SELLS gas to the Eastern states. With good news on exploration, there is nothing better than getting cash profit at HAND.
If you look at the impending progress of CTP, I expect it to be a star performer in the next two years.
I bought this stock when it promised the moon, the sun and all the stars in the universe! But I am dropping my average buy price with each recent top-ups. Still nursing a big loss but hopefully, I will get to collect the moon, the sun and all the stars in the next 2 years.
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