Hi Pioupiou, I agree with all your thoughts and am glad you put them up here. I have bought reasonable amounts over the last two months and continue to add. I for one wouldn't mind the market marking this down for a while. Eventually price will catch up to value.
I value this conservatively at around 11 -12 dollars. at a book value of around 4.30 and ROE of 20% with a growth of around 10% and half of those earnings retained compounding at around 20% , i don;t have t spell it out but it is undervalued.
I put a good weight on visibility of earnings and CCP has a good degree of it.
You can see that the market is pricing it at no growth at a discount rate of 10%. In a low interest rate environment, this offers a bargain and many investors like the chairman recognize this. I agree that too much should not be said about this to offer many to accumulate.
I have been with the stock since 2.60-2.90 and have added at 4 odd dollars and now at 9 -10 dollars.
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Last
$16.89 |
Change
-0.300(1.75%) |
Mkt cap ! $1.149B |
Open | High | Low | Value | Volume |
$17.03 | $17.21 | $16.83 | $1.333M | 78.53K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 317 | $16.83 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$16.98 | 317 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 317 | 16.830 |
1 | 317 | 16.810 |
1 | 500 | 16.800 |
1 | 317 | 16.790 |
1 | 250 | 16.710 |
Price($) | Vol. | No. |
---|---|---|
16.980 | 317 | 1 |
17.000 | 317 | 1 |
17.020 | 317 | 1 |
17.040 | 317 | 1 |
17.050 | 963 | 1 |
Last trade - 16.10pm 05/11/2024 (20 minute delay) ? |
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CCP (ASX) Chart |