There can be no doubt the market is not engaged in CCR - volumes have been tiny for months...
I can't work out why?
Perhaps the market doesn't like the space - debt collection
Or can't see how CCR can achieve high growth
Or simply isn't looking - too busy worrying about macro-economics
But as a probability of success - I rate CCR as one of the best growth stories on the ASX:
• winning product - high NPS...
• winning hybrid approach - digital + call centre
• proven blue chip darling
• improving margins
• genuine international opportunities
• impressive pipeline
• breaking into new sectors - insurance...
• $35+ mill annual rev
• operating profitably
From an MC of only $135 mill - this could easily 2-3 bag - you can't say that about many stocks right now.
Points to note:
• CCR rev is not clockwork - companies don't press the debt collection button to the same extent every month - eg most back off over Christmas
• Techub have promised to transact with CCR for some time now - but have delayed - the next 3 months will be very telling
• CCR have clearly pointed to the ramp up process required with customers - wins from last year are due to significantly increase revenue over the next 6 months - we shall see soon enough
• insurance is set to grow quickly - this should not need to wait for tenders like debt collection as its a new service, at-fault engagement - we shall see
There is a very real possibility that a combination of announcements will land in the next 3-6 months that would catapult CCR into a re-rate.
• Winning a big 4 bank
• Winning other insurance majors
• Evidence of significant international revenue
• Significant increase in revenue from existing customers
• Significantly improved margins
That's my investment thesis right there - I think the odds are more than decent - always about probabilities though! DYOR.
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Last
27.5¢ |
Change
-0.010(3.51%) |
Mkt cap ! $114.9M |
Open | High | Low | Value | Volume |
28.0¢ | 28.5¢ | 27.5¢ | $82.69K | 296.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 70105 | 27.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
28.5¢ | 23489 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 70105 | 0.275 |
4 | 131994 | 0.270 |
3 | 25490 | 0.265 |
1 | 80000 | 0.255 |
2 | 32350 | 0.250 |
Price($) | Vol. | No. |
---|---|---|
0.285 | 23489 | 1 |
0.290 | 98771 | 3 |
0.300 | 49803 | 1 |
0.305 | 3000 | 1 |
0.310 | 30000 | 1 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
CCR (ASX) Chart |
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