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
$15.95 |
Change
0.110(0.69%) |
Mkt cap ! $1.085B |
Open | High | Low | Value | Volume |
$15.89 | $16.07 | $15.59 | $1.939M | 121.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 496 | $15.94 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$15.96 | 3955 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 496 | 15.940 |
1 | 496 | 15.920 |
1 | 496 | 15.900 |
1 | 496 | 15.880 |
2 | 55 | 15.630 |
Price($) | Vol. | No. |
---|---|---|
15.960 | 3955 | 2 |
16.040 | 39 | 1 |
16.060 | 2146 | 2 |
16.070 | 705 | 2 |
16.090 | 496 | 1 |
Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
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CCP (ASX) Chart |