Todays results are for the last six months and they affirm the guidance given on the 11/2 - negating some ppls fears that they wouldn't produce. They had already earlier flagged that 2nd half earnings would be down - we have discussed this earlier (1H NPAT of 6m and 2H of 4-6m) - due to the ceasation of a forward flow agreement and less anticipated ledger acquisition. You are banging on about the information they released to the market on the 11/2 when their shareprice fell from $3. We already know that they wont achieve the same NPAT as last year - the point of todays announcement is that they are back to meeting expectations and are still profitable with a strong balance sheet (look at NTA), increased cash flow and a dividend yield of over 4%.
CCP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)