not jocking at all. Its' a simple practical market 123. it's a matter of risky/dividend to determine the SP, not purely on company PE. 90% of companies with earning around $0.35 will have their SP about $10-$14, companies with earning about $0.6-0.7 per share usually their SP is around $16-$20, which for CCP is easy to achieve, eg., achieve a $25m profit in the future. If CCP can achieve $100m, which is about $1.4 per share, then CCP will be $35-$40, why, because any company has such earning, the market will value its sp at least $28-$35.
For CCP, because of its small shares on issue, it would be hard for funds to get in without a compromise on the return, and that will drive the sp actually higher than those Banks who have similar earnings. Well, you may rubbish my method, but I am correct most of the time on blue chips, especially the top 50 of any markets, US, UK, or whatever.
- Forums
- ASX - By Stock
- CCP
- Ann: FY2020 Unaudited results update
Ann: FY2020 Unaudited results update, page-33
-
- There are more pages in this discussion • 32 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CCP (ASX) to my watchlist
(20min delay)
|
|||||
Last
$15.26 |
Change
0.060(0.39%) |
Mkt cap ! $1.038B |
Open | High | Low | Value | Volume |
$15.35 | $15.47 | $15.15 | $1.591M | 104.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 347 | $15.25 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$15.27 | 446 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 347 | 15.250 |
1 | 14 | 15.040 |
1 | 246 | 14.990 |
2 | 130 | 14.950 |
1 | 1000 | 14.800 |
Price($) | Vol. | No. |
---|---|---|
15.470 | 1000 | 1 |
15.500 | 64 | 1 |
15.580 | 1200 | 1 |
15.600 | 201 | 1 |
15.610 | 2123 | 2 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
Featured News
CCP (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online