Good announcement and price action @dunjo and fair point on the change of control clause @Bobby75! The CCG price has been ranging around this level for 18 months now, so it has formed a real solid base to work higher off. I wouldn't be surprised if we go a little higher now, then pull back into 6 cents when the market falls next, before really taking off mid-year.
One thing I am waiting for is an EBITDA guidance upgrade, CCG have consistently said $1.8m - 2.2m, but they already achieved $1.5m in the first half. Then COVID-19 happened and all they have said so far is that revenues increased and inquiries spiked. Most businesses wouldn't upgrade guidance until they were absolutely certain it will be achieved, so maybe we get something in the second half of June? An upgrade along the lines of $2.8m - $3.2m would see this fly. 10 cent target for July, hopefully 20 cents by start of 2021.
CCG Price at posting:
7.1¢ Sentiment: Buy Disclosure: Held
