CCP credit corp group limited

2.25%

$13.20

Ann: COVID-19 - Credit Corp withdraws FY20 guidance, page-7

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dragonz

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20/03/20

09:47

Post #: 43598859
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Originally posted by honeysoy: ↑

Interesting how we see things differently mc.
Almost every company listed on the ASX is withdrawing guidance. Why is obvious due to the unknowns. CCP are just doing what they should be doing.
Shares have fallen from almost $38 to $10 over the last month.
Company comments state - at this stage they have seen no material impacts and company has continues to perform strongly over recent weeks.
They also state gearing is conservative and balance sheet and funding options are strong.

Shares have fallen 70% in 4 weeks. At one stage yesterday it was a fall of over 80% Even if they climb back up to $18 in weeks or months ahead its still an over 50% fall yet nothing the company stated today justifies the complete meltdown.

I have been watching the fall in amazement and was awaiting a company response before I entered. I was anticipating a catastrophic earnings fall based on the share price fall. This mornings announcement is nothing of the sort and just reassures me this has been a complete major overreaction and will look to enter today. If your $6 target is true i will back up the truck.

Nobody wins in these extreme times but if any company has an opportunity perhaps to grow as in time we come out of this crazy new world its a debt ledger collection company if its well run which this one is.

Perhaps you are correct in this is a very negative announcement and I will be wrong.

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mcexplorer is a troll of the highest order. He is just following any stock I'm interested in and down ramping. His penny dreadful investments are disappearing. Back to working for McDonalds for him lol. He has little to nothing to add to this discussion

CCP Price at posting: $10.11 Sentiment: Buy Disclosure: Held
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Last $13.20		Change 0.290(2.25%)		Mkt cap ! $898.4M

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