EPS up 17%. New US operation on track towards a profit this year Market dropped the price by almost 4% which is fine by me as it makes it a buy once again at $22.74 ish with the added benefit of a fully franked 31c dividend to be paid out for holders who get on board quickly pre 6th March record date which makes it a net price of $22.43 and a 29% margin of safety to my valuation of $31.56 based on an average 13.91 PE. I've held this for several years so happy to top up with some more in my non SMSF portfolio. A solid performer with good management.
I first bought at 68c per share and happy to be buying more at the still 29% discount to intrinsic value...
CCP Price at posting:
$22.62 Sentiment: Buy Disclosure: Held
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