Yes, that's correct. Their cash flows should largely support the $60m they have forecast for investment, thus it would appear to me that gearing would come down. They also put away a model and economic overlay in there PDL valuation at 30 June if I remember; around $10m that can be used to buffer the shocks you refer to below. Haven't owned these stocks for a while now (PNC I sold out at high $2s) but that one looks like a good value play to me. Have a 15-20% stop if you will from current prices, but in my view the upside risk would seem to me skewed. Could do well in CCP, but unlikely to get a 2-3 bagger, which could happen with PNC imo
DYOR
Ann: CLH ASX Release, page-56
Add CCP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$14.15 |
Change
-0.120(0.84%) |
Mkt cap ! $963.1M | |||
| Open | High | Low | Value | Volume |
| $14.21 | $14.23 | $14.07 | $1.281M | 90.68K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 682 | $14.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.15 | 777 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
|
|||||
|
Last
$14.19 |
Change
-0.120 ( 0.73 %) |
||||
| Open | High | Low | Volume | ||
| $14.16 | $14.22 | $14.08 | 129486 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| CCP (ASX) Chart |