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How to buy Close The Loop (CLG) shares in Australia

Learn how to easily invest in Close The Loop shares.

Close The Loop is a waste management business based in Australia. Close The Loop shares (CLG) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian dollars. Close The Loop has a trailing 12-month revenue of around $180.5 million. If you're looking to buy shares, check out the steps below.

How to buy shares in Close The Loop

To buy shares listed in Australia such as Close The Loop, you'll need to sign up to a broker with access to the ASX. Our table can help you compare share trading platforms and choose. Then follow these steps.

  1. Open and fund your brokerage account.
    Complete an application with your personal and financial details, including your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
  2. Search for Close The Loop.
    Find the share by name or ticker symbol: CLG. Research its history to confirm it's a solid investment against your financial goals.
  3. Purchase now or later.
    Buy today with a market order or use a limit order to delay your purchase until Close The Loop reaches your desired price. Look into dollar-cost averaging to spread out your risk, which smooths out buying at consistent intervals and amounts.
  4. Decide on how many to buy.
    At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
  5. Check on your investment.
    Congratulations, you own a part of Close The Loop. Optimise your portfolio by tracking how your stock and the business performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that affect your stock.

Close The Loop stock price (ASX:CLG)

Use our graph to track the performance of CLG stocks over time.

Close The Loop shares at a glance

Information last updated 2024-04-18.
52-week range$0.27 - $0.5
50-day moving average $0.3289
200-day moving average $0.3646
Target price$0.72
PE ratio 9.6667
Dividend yield N/A (0%)
Earnings per share (TTM) $0.03

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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.
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Is it a good time to buy Close The Loop stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. However, this is not a recommendation. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Close The Loop price performance over time

Historical closes compared with the last close of A$0.31

1 week (2024-04-11) -1.59%
1 month (2024-03-21) -1.59%
3 months (2024-01-19) -18.42%
6 months (2023-10-20) 0.31
1 year (2023-04-21) -17.33%
2 years (2022-04-21) -7.46%

Is Close The Loop under- or over-valued?

Valuing Close The Loop stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Close The Loop's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Close The Loop's P/E ratio

Close The Loop's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 10x. In other words, Close The Loop shares trade at around 10x recent earnings.

That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Close The Loop's EBITDA

Close The Loop's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $31.9 million (£0.0 million).

The EBITDA is a measure of a Close The Loop's overall financial performance and is widely used to measure stock profitability.

Close The Loop financials

Revenue TTM $180.5 million
Operating margin TTM 10.51%
Gross profit TTM $47.6 million
Return on assets TTM 6.6%
Return on equity TTM 14.13%
Profit margin 7.2%
Book value 0.249
Market capitalisation $154.2 million

TTM: trailing 12 months

Close The Loop share dividends

We're not expecting Close The Loop to pay a dividend over the next 12 months.

Close The Loop share price volatility

Over the last 12 months, Close The Loop's shares have ranged in value from as little as $0.27 up to $0.5. A popular way to gauge a stock's volatility is its "beta".

Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while Close The Loop's is 0.464. This would suggest that Close The Loop's shares are less volatile than average (for this exchange).

Close The Loop overview

Close the Loop Ltd engages in the collection and recycling of imaging consumables, plastics, paper and cartons, and other related activities in Australia, Europe, South Africa, and the United States. It collects, sorts, reclaims, and reuses resources activities. The company also offers print consumables, eyewear, cosmetics, and electronic products. In addition, it provides flexible and flexographic, seafood packaging, and bulk storage solutions. Further, the company supplies thermal paper and other paper products. Additionally, it produces and sells TonerPlas. Close the Loop Ltd was incorporated in 2001 and is based in Oakleigh South, Australia.

Close The Loop in the news

There are no recent company news

Frequently asked questions

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs comes with a higher risk of losing money rapidly due to leverage. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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