CCX 0.00% 30.0¢ city chic collective limited

Ann: Change of Director's Interest Notice, page-5

  1. 577 Posts.
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    Guys, Michael Kay the chairman has purchased $156K worth of shares on market at 1.56 SP.

    Market loved it.

    Also news yesterday that Spheria Asset Management have taken 5% of SOI.

    Looking forward to seeing a bounce back in share price in the medium term.

    CCX is now trading at PE of 14x, similar to the broader market , and on a multiple of 8-9x FY22 EBITDA.

    Extremely low for a company that has proven historically how it can grow rapidly.

    Sales, EBIT and EBITDA have all been growing at a CAGR of 25% pa

    Even if it takes a year to recover I have taken a position and happy to sit and hold till economy starts to recover from the incoming slowdown
 
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