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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