Ann: Vodafone partnership delivers CCG services to Pacific region, page-23

After a bit of dithering, I've added s modest position in CCG to my portfolio.

There's a lot to like about CCG - it's operating in businesses characterised by industry tailwinds, no debt, net cash, solid top line and EBIDTA growth forecast, big-name business partners, management with skin in the game and undemanding multiples for the industry. Potential as a takeover target is noted but not part of my analysis.

Things I didn't like - employee compensation is a very high percentage of revenue for this type of business (but should come down as the company scales up) and I see no prospect of a dividend in the near term.

Thanks to all those who've posted.