Ann: CCG expands MS Teams Calling into Asian markets, page-6

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dunjo

1,735 Posts.

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04/08/20

12:24

Post #: 46288496
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Originally posted by jaluma ↑

Agree with @Active, this is a real sleeper, just starting to wake up now.

For those new to CCG, here is a quick summary:
- Poor IPO, but right management in place now
- $1.5m EBITDA in the H1 (see Feb announcements)
- $1.5m NPAT in the H1 as well
- Guidance of $1.8m - $2.2m EBITDA for FY20, which always struck me a bit light on, especially after H1
- Reconfirmed guidance in April, while also confirming the following:
- Experienced an increase in revenue from several key customers in March
- Also received strong interest in their Unified Communications solutions, in particular Microsoft Teams
- Cash at bank of $1.6m and access to overdraft of $350k

Today's announcement is just getting things started as @dunjo points out. Key here is that it illustrates the amazing international reach CCG has already built, which must make it an appealing target.

Chart looks ready to go after building a nice base at 6 cents for over 18 months.

This is easily worth 20 cents.

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Adding to that:

The CEO Peter McGrath (who must have seen something to take a job at a company with this market cap: https://www.commschoice.com/board-of-directors/mr-peter-mcgrath) and board have a number of performance options which vest 50% in Feb 2021 if the share price is above 12c and 50% in Feb 2022 if share price above 20c.
CCG Price at posting: 7.7¢ Sentiment: Buy Disclosure: Held
4 Upvote

3 Great analysis

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(20min delay)
Last 7.0¢		Change 0.001(1.45%)		Mkt cap ! $27.05M

Open	High	Low	Value	Volume
7.0¢	7.0¢	7.0¢	$809	11.56K

Buyers (Bids)

No.	Vol.	Price($)
1	100000	6.6¢

Sellers (Offers)

Price($)	Vol.	No.
7.0¢	226585	2

View Market Depth

No.	Vol.	Price($)
1	100000	0.066
1	139909	0.062
1	103891	0.060
1	53571	0.056
1	100000	0.051

Price($)	Vol.	No.
0.070	226585	2
0.075	102857	1
0.078	10000	1
0.079	318364	1
0.080	384135	1

Last trade - 16.10pm 26/08/2024 (20 minute delay)

CCG (ASX) Chart

Ann: CCG expands MS Teams Calling into Asian markets, page-6

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Ann: CCG expands MS Teams Calling into Asian markets, page-6

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