I think CCG is under rated but couldn't understand why there is hardly any movement in the price with profit announcement and Next Telecom buy.
Then caught up with an old mate who works in funds on the weekend and he told me a few things I wasn't aware of.
He said some of the funds that bought in to CCG recently are opportunists/vultures happy to sell down with 15-20% profit and they basically played the recent Cap raise, made 20% then jumped within days and that selling at 9-10c has kept it low.
He also said that whoever chose John McKay as Chair was a dunce. Apparently a lot of funds don't want anything to do with him as they lost badly at his previous company and he is a mill stone around the neck of the business.
I'm getting a bit frustrated with the lack of movement in the price and they just don't seem to announce much at all.
