Ann: CEO AGM Presentation, page-41

Your posts are always welcome. In the absence of any useful comment to make on CCP until the H1 results are announced, I'll thank you for a comment that you made years ago to the effect that you liked CCP's venture into the US, because it gave CCP a long "runway". The metaphoric use of "long runway" has as a result augmented my thinking and writing about stocks. HC's "Advanced search" revealed that I have used that metaphor fourteen times in HC posts since adopting it in early 2020.

The "runway" need not be constrained to the US - an obvious expansion target is Canada, and I have comented before thatCCP's easy expansion target geographies may be based on time zones, thus allowing collection centres to act as mutual back-up facilities. This suggests the western part of Canada as a start.

If CCP is operating in US states with large Spanish-speaking populations, when recruiting CCP may prefer bilingual candidates, which sets the scene to move into Hispanic America step by step. I would not be surprised if CCP where to announce that it plans to set up a call centre in Puerto Rico (a more suitable Manila-style call centre for use by CCP's US operation than Manila is).