07:54:01 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Computer Modelling Group Ltd
Symbol CMG
Shares Issued 78,404,947
Close 2015-03-03 C$ 12.51
Market Cap C$ 980,845,887
Recent Sedar Documents

Inv Reporter says hold Computer Modelling

2015-03-03 22:10 ET - In the News

The Investment Reporter, in its Feb. 20, 2015, issue, says hold Computer Modelling Group Ltd., recently $12.29. The Reporter has not previously said to buy the stock. The software technology and consulting company provides reservoir modelling software to oil and gas companies around the world. In the year ending March 31, 2015, the company is expected to earn 37 cents a share, down from 70 cents a share the year before. Based on the fiscal 2015 estimate, the shares trade at an excessive price-to-earnings ratio of 33.2. Next year, Computer Modelling is expected to partly recover to 42 cents a share. Based on the fiscal 2016 estimate, the shares would still trade at a high P/E ratio of 29.4. One plus is the company's annual 40-cent dividend, which is an attractive 3.3-per-cent yield. Computer Modelling has $84.9-million in cash and no debt, so it can afford to pay the dividend. The recent plunge in oil and gas prices, however, could hurt the modelling software provider's business and earnings. Also, if the industry setback lasts for a long time, the company could reduce its dividend. CMG is a hold for attractive dividends while you wait for long-term gains, but only if you can accept a speculative stock.

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