Ann: CCR Q3 FY21 Results Presentation, page-77

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Dandaman21

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27/05/21

09:12

Post #: 53446035
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Originally posted by iTromp: ↑

Imagine we get back to IPO price/35c. What a top up opportunity. My average entry is 60c with most recent top up yesterday at 51.5c but some more at 35c wouldn't go astray!!

It opened at 48c on the day of listing back in October last year and now we're back there.

Last quarterly as of 29th of April (circa 6 months after listing):

Solid Q3 FY21 revenue growth with total revenue up 35% on Q2 FY21
23 new customers signed; 0 customers lost. Total customers now at 962
Suncorp (ASX: SUN) signed as first insurance sector client
Well positioned for growth underpinned by focused strategy and expanded business pipeline with continued growth in water, automotive, utility and education sector verticals.
With almost all Credit Clear’s customers having now fully resumed their collection activities after Covid, the Company is seeing many examples where customers have a “debt balloon” to be worked through. For example, additional debt accounts files work from one of Credit Clear’s largest and long-standing transport sector clients, which were awarded last month, has begun to flow through and is expected to make a positive impact on revenues in the current and subsequent quarters.
FY21 YTD revenue $7m with $2m revenue booked last quarter
10 quarters of funds remaining
35% growth on last quarter with more debt to be worked through above: Estimated $2.92m for this quarter if growth remains the same.
Total estimated revenue for the year: Circa $10m. Market cap currently $112m. Not a bad multiple in my opinion with the management team we have on board also.
The last 4 years has been the rise of the BNPLs and debt. Now we help them pay for it.

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One of the only times I've been able to average up without feeling completely dirty (still a little sad to lose my avg of 47.5) but this management instils proper confidence.

CCR Price at posting: 50.0¢ Sentiment: Buy Disclosure: Held
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Last 28.0¢		Change 0.000(0.00%)		Mkt cap ! $117.7M

Open	High	Low	Value	Volume
28.0¢	28.0¢	27.5¢	$70.98K	256.3K

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No.	Vol.	Price($)
1	31810	28.0¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
1	31843	0.280
1	11965	0.275
2	21851	0.270
1	7490	0.265
2	32350	0.250

Price($)	Vol.	No.
0.285	441	1
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Ann: CCR Q3 FY21 Results Presentation, page-77

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Ann: CCR Q3 FY21 Results Presentation, page-77

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