G’day everyone!! Hope you are holding up ok
Sorry in advance for the long post !!
I have been buying quite a few more CCR shares in the past week or two – mostly at 18 cents, but managed to also grab quite a few at 17.5 cents & 17 cents today
A market cap of around $75m for CCR seems pretty well priced to me – given:
And based on the commentary from management in one of the recent videos, I would be very surprised if there wasn’t an upgrade to their current 23/24 guidance (revenue of $39m - $41m and underlying operating profit of $1m to $2m) sometime early next year.
- They have been operating cash flow positive for the past 2 quarters.
- Revenues improved last quarter – past $10m in the Qtr for the first time.
- Gross margins are increasing as the digital collections % increases.
- Lots of new clients still being onboarded (including some large Tier 1 clients they won in the past 6 months) – with a solid pipeline of potential new opportunities.
- Lots of tailwinds for a company in this industry at the moment.
Like others on this forum, I have run some estimated numbers for 23/24, and I think they are currently tracking for something like:
Revenue $44.5m
Less
Employee Benefits $25m
Legal $1m
Consultancy $1m
Prof Services $2.75m
Serv Del Fees $6.5m
Share Based Paym $2m
Acquisitions NIL
Other Expenses $3.5m
EBITDA + $2.75m
Depreciation $6m
EBIT - $3.25m
NPAT - $3.25m
So based on these estimated numbers CCR would end with a strong positive EBITDA number for this year (23/24), but revenue would probably have to hit around $48m to also have a positive NPAT figure in this financial year?
Think they are some chance of hitting $48m revenue for this year, but the next 3 x quarters would have to be something like $11.5m + $12.5m + 13.5m for this to occur – which is not entirely out of the question
If it doesn’t happen this financial year, then IMO CCR should definitely be profitable at the NPAT level the following year (24/25)
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Ann: AGM FY23 - Investor Presentation, page-8
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31.5¢ |
Change
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Mkt cap ! $132.4M |
Open | High | Low | Value | Volume |
30.5¢ | 31.5¢ | 30.5¢ | $5.693K | 18.64K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 30000 | 30.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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31.5¢ | 29870 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 30000 | 0.305 |
1 | 30000 | 0.300 |
2 | 71700 | 0.295 |
1 | 25000 | 0.290 |
1 | 30322 | 0.285 |
Price($) | Vol. | No. |
---|---|---|
0.315 | 29870 | 2 |
0.320 | 40792 | 2 |
0.325 | 100001 | 1 |
0.330 | 72100 | 3 |
0.340 | 86350 | 1 |
Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
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