CCI Holdings (CHL) have just released their preliminary final report for 05/06. The most interesting part relates to Operating cashflow. For 05/06 the company reported a massive operating cashflow of +7.6M. This result represents one sixth of the company's current capitalization, which illustrates this is a very CHEAP CASH COW.
05/06 earnings were impacted adversely by the litigation settled with Mr J.Cannane, but before abnormals EBIT was up very strongly (+74%) on last years result.
The company has flagged it will be providing EARNINGS GUIDANCE FOR 06/07 IN THE NEXT FEW WEEKS. This will be well worth waiting for and should go a long way to showing why the board has said CPB's 31c offer was "absurdly inadequate", and no doubt back up why they will once again advise shareholders not to accept CPB's latest unconditional offer at 35c.
There are good reasons for thinking there's plenty more upside in the shareprice of CHL still to come.
Regards,
Cheerful.
CHL Price at posting:
0.0¢ Sentiment: None 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)