Ann: COVID-19 - Credit Corp withdraws FY20 guidance, page-20

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usc75

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20/03/20

21:26

Post #: 43614709
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Originally posted by joewolf: ↑

The share price will reflect what the broader market is reflecting. Given that RHC is in the business of hospitals why is it tanking today? It's just easy to throw these lines out there. This end of town is always grubby its risk and reward. What facts do you have that support anything you put out there!

The fact that Collection house ( or maybe Customs House) is in the same business is not really an issue nor was their suspension linked to Covid 19. They went into suspension on 14 February when all this was not yet unfolding.

If you are trying to state that the CCP announcement is false I challenge you to report it to ASIC and the ASX. Really the reality is that there is no benefit in trying to get blood from a customer who has their life and existence threatened so we are going to have slim pickings in the next 6 months. Many that invest in this stock actually love its dividend stream and that is going to take a hammering in the next 1 or 2 payments. Then it's not that highly traded - its 2563 day trading average is 265k per day its last 10 days is 1,25 million per day. The same pattern is in QAN. Its the business interruption and the flight to safety.

Really this won't, my opinion, set a fair value until this has played out and we have some reliable information.

You post on many stocks, hold none of them and all of them have the same message - it's all bad. I cannot see any analysis and facts just innuendo. Have you got any fundamental or evidence-based reason for this? Maybe you should disclose that you are not a shorter and that you have no interest in driving sentiment down.

When someone posts negative views I am not going to dismiss them, I then go and research what they say on other stocks to see how much I can read into their post. I cannot find any substantive reasoning about why you don't in over 3 pages of posts seem to own any stock, why in none that I read could I find any that you liked. If I cannot understand the motive then maybe I can read the substance but even that is just very light. Can you tell me what suggests that they are in trouble if they have just announced that they have $170 million in cash? That's probably a years cash if you assume they will get some cash in. That they will probably be forced to lay off staff is a given but they may well be forced to do that as we all are. That they have not as yet seen a decline in collections.

That we are in unchartered waters is totally true, that it's going to be hard to collect distressed money - true and that the next 6 months is going to be horrible is true. However, none of those things really suggest anything more than what is true for most companies right now.

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To blame coronavirus for $28/share Crunch or 74% is a 100% cop-out!

It's also very lazy research, truth.

The Market has spoken...since $37.83/share...only some fail to receive/understand the CCP-Market message!

CCP Price at posting: $9.83 Sentiment: None Disclosure: Not Held
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Last $13.38		Change 0.100(0.75%)		Mkt cap ! $903.9M

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