Are the Dirrectors buying or selling at these levels? This is not a share I watch, but my gut says with the Alsi at a PE of 17 the market does not like this for some reason, If the market is wrong as a dirrector I would be selling the wife to buy the shares.
CAE is undergoing a rerating and is still in a strong uptrend. Last year this time it was trading at 80 cps (+230%). The profit cautionary iro the interims will be released in due course and should reflect further growth. Just check the SENS announcement re. the impact that the recently concluded Ambit property transaction would have had on last year's results. The Purple connection should also facilitate further corporate action while the GPI deal is still awaiting finality. Lots of blue sky with institutional interest perking up. Sit tight and be patient!!!
Investment Trusts historically sit at relatively low pe ratios. Look at Brimstone, Wiphold. They are either misunderstood by investors (as no core operational activity) or they lack a track record/ history. As soon as this share builds cred, which it is currently doing, should inch up towards a 8/9 pe. OMO
Investment trusts such as CAE by nature do not control their underlying investments (ie. have equity holdings exceeding 50%) and accordingly are not rated on a PE basis but on NAV. Rembrandt comes to mind. A premium or discount to underlying NAV is determined by the perceived value that can be added by HQ. In CAE's case, they are benefitting from increasing dealflow while progress in growing their NAV will become clearer in the forthcoming interims.
mvela limited is another good example. cae is trying to get control of its best asset - grand west casino. we'll have to see if it succeeds, but any corporate action should involve a merger with dynamic cables. note that it recently got permission to issue a ton of new shares to help pay.