Given that the stated position from Management is that they are BUYING BACK franchises to gain better control of the brand and the standards of retailing, I don't give that rumour a lot of credence.
CCV have plenty of cash, and strong earnings. And a very low p/e!
They would seem to me to be a very cheap, counter-cyclical stock for those who believe that high oil price, interest rates and inflation will have an impact on Australia's credit-loving consumers...
But DYOR.
franchise price, page-3
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Last
22.0¢ |
Change
0.005(2.33%) |
Mkt cap ! $138.0M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 22.0¢ | 21.0¢ | $38.36K | 178.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 630971 | 10 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| CCV (ASX) Chart |