The market doesn’t trust the stock build up will deliver and doesn’t like commentary re sales momentum albeit growth continues. It is for the management team to prove it wrong and deliver on continuing growth at a good rate in all global markets. The long term story of small market share in big new markets for them remains. Exiting lockdowns is likely to stimulate albeit record consumer strength in US easing.
CCX needs to show it can crack big earnings in UK and Europe which have been breakeven profit so far. I believe they can, it is for Phil and team to prove doubters wrong.
Ann: FY22 Interim Results Announcement, page-15
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12.5¢ |
Change
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Mkt cap ! $41.11M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 12.0¢ | $101.0K | 808.4K |
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| No. | Vol. | Price($) |
|---|---|---|
| 15 | 870237 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 673259 | 2 |
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| CCX (ASX) Chart |