Was hoping for at least $2.2 but $2.1 is a massive change from last year and will take this as enough of a turnaround (about $2.5m I think) to stay on board. They have $2.4 in the bank and no debt which is a good sign.
Interesting the comment about the COVID having no effect.
At $2.1 this gives a current P/E of around 8 when everything else in this space seems to be in the 15-30 P/E range.
This still represents CCG as being undervalued compared to market and I think it may head up if their strategies pay off. Will be interesting to see what they forecast for next FY. I think they need to do at least 2 M&As to get the right attention.
Interesting to see if they get any attention from the likes of UWL and ST1 who have been active with M&A.
Made me go back and look at other stocks in this space and compare P/Es.
MNF P/E 30+
OTW 30+
VOC 17
TEL 18
5G No P/E
Vonex No P/E
ST1 No P/E
MAQ 60+
UWL 30+
OPC 20+
Peter McGrath looks to be earning his salary. I still think John McKay is not a good look even though he would get some credit here.
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Mkt cap ! $24.24M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 1100000 | 5.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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6.3¢ | 13932 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 1100000 | 0.059 |
1 | 150000 | 0.057 |
1 | 247 | 0.054 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.063 | 13932 | 1 |
0.064 | 166666 | 1 |
0.065 | 203189 | 2 |
0.078 | 112857 | 2 |
0.079 | 41118 | 1 |
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