CCR break even at $36 mill - so they are basically in profit from here on
For this FY:
They gave written guidance of around $40 mill (which I believe to be ultra-conservative)
And verbal guidance of $46 mill (which I'm happy to go with)
We await:
• more clarity on the insurance product - $, new customer wins, possible overseas expansion...
• overseas expansion strategy more broadly...given in profit - can fund expansion...
• more clarity on margins
• faster onboarding - I would think they can improve this to some extent
• other innovation - taking engagement platform to new sectors....
• more clarity on speed to victory for target customer sectors - big govt, local govt, big banks, other credit majors...
My thesis:
CCR have proved they can win many utilities, banks, credit providers...
They have opened up a big opportunity in local govt - 1000's councils...
They can even provide services to their competitors ...
They can repurpose their engagement smarts outside of debt collection eg at-fault claims in insurance
They are a shoe-in for a roster position on any enterprise client in Australia - on a panel of 3 or 4 - as there is very limited effective competition
This business is set to have a great year - and can only pick up speed from here
2024 results, CCR emerges, page-4
Add CCR (ASX) to my watchlist
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Last
33.0¢ |
Change
0.005(1.54%) |
Mkt cap ! $138.7M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 33.0¢ | 32.0¢ | $41.53K | 127.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 40000 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 18458 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| CCR (ASX) Chart |