CCG

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Ann: December 2019 half year results summary, page-8

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Gary Gardner

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28/02/20

15:30

Post #: 43218071
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Originally posted by Bobby75: ↑

I've done intensive research on this company along with others in the small cap Telco space. It was a terrible IPO. In hindsight the forecast was ridiculous. I attended a investor brief from the CEO Ben Gilbert post the IPO and he was less that inspiring to say the least. I dumped immediately after the briefing at 21c. The price kept heading down with poor results. The first to go was Director Cameron Petricevic TTOR who jumped just prior to the first AGM. Then there was a release about a warranty claim on the original Comms Choice that was part of the IPO. So I suspect that was in someway responsible for the poor results. Then that owner who was also a CCG Director Grant Ellison, quit as a director shortly after the warranty claim was settled with what looks to be about 10mil less shares than originally suggested in prospectus. So join the dots there. Looks like he is starting a Cap Eq company that I will be steering clear of. Ben Gilbert the CEO left in March 2019 but in keeping with the trend appears to have since started a Cap Eq company but I will also be steering clear of anything to do with that. After that they announced a restructure with Experienced CEO and Board member Peter McGrath taking over. They kept John McKay ex Speedcast as Chair so I am surprised he survived the ride from 25c to 4c My take from the prospectus and results is it seems to be a good underlying business that was poorly ran. It looks like they ripped through the $7m cash on listing without any outcome. After Ben Gilbert went they have restructured and replaced part of the Management Team. I have been back buying since in April this year at. 4-6c thinking they might be a M&A target. The recent results are the first step in the right direction since listing. History complete!

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You saved me answering Bobby, thank you!
I bought into the IPO figures, it was nothing short of a disgraceful set of hokus pokus numbers!

CCG Price at posting: 6.3¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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(20min delay)
Last 5.6¢		Change 0.000(0.00%)		Mkt cap ! $21.55M

Open	High	Low	Value	Volume
5.5¢	5.6¢	5.5¢	$611	11K

Buyers (Bids)

No.	Vol.	Price($)
1	395000	5.5¢

Sellers (Offers)

Price($)	Vol.	No.
6.0¢	25825	1

View Market Depth

No.	Vol.	Price($)
1	395000	0.055
2	600247	0.054
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.060	25825	1
0.063	115685	1
0.064	166666	1
0.065	203189	2
0.078	112857	2

Last trade - 10.25am 26/07/2024 (20 minute delay)

CCG (ASX) Chart

Ann: December 2019 half year results summary, page-8

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Nine's staff strike as Paris Olympic coverage begins

ASX Market Open: ASX200 to rise for Friday session | July 26

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: December 2019 half year results summary, page-8

Top Stories

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Nine's staff strike as Paris Olympic coverage begins

ASX Market Open: ASX200 to rise for Friday session | July 26

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News