Wow ! That was a stunning result the exceeded every expectation. The cherry on top is the usually conservative initial guidance for 17/18 of up to 18%. Make no mistake they will surpass the high end of initial guidance, as they do every year.
I'm in a different timezone at the moment so missed the action this morning. In all honesty, if I'd have been online for the jump over $16 I would have jumped out, especially because CCP is easily my largest holding. Now that I've read the report though the outlook remains very strong and in my view there will be less than 10 companies on the ASX that will have a better result / outlook then this company. Surely premium PE multiple is appropriate for this company that delivers year in, year out .
CCP Price at posting:
$13.40 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)