the share price reflects many years of profits (cash flow) into the future, a downgrade in one year does nt mean the shares will automatically decline by the same percentage as the profit downgrade.
There could be additional downgrades from impairments, however the balance sheet is conservative which is key to coming out the other side and making outsized returns on debt ledgers acquired at lower prices during a downturn.
CCP Price at posting:
$12.41 Sentiment: None Disclosure: Held
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