IMHO - Barring any market liquidation event, CCA looks settled at 15. Most of the trades from recent rights issues / SPP are done. Easy short term profits taken.
As long as there is no dramas with the tech / platforms, this stock is like a bank now with stable rising earnings. Throw in the surprise of large new clients and/or new markets and it has a nice growth stock element too.
Should grind higher with the odd jump up...Looks to be held tightly on the register from the lack of trades at this valuation.
Ann: Reduced Effective Acquisition Consideration, page-23
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