CCV is on the move, page-154

Hi @Blommer I agree with you, and purchased more CCV in July at an average price of 16c because of the same conviction.... And of coarse to date, have been thoroughly disappointed.

Time will tell though, and the CCV market cap of $90M is hardly pushing the limit on any valuation metrics... The market is forward looking and I suppose until there is confidence in the economy we may see little to no traction from a SP point of view.

Market Cap = $92.5M
Revenue = $279M
EBITDA = $62.1M
NPAT = $19.6M

P/S = 0.33
EBITDA Multiple = 1.5
P/E = 4.7

Hardly anything here of concern... Then add in the fact that CCV have cash of $106M and a securitisation package of $160M, so literally net debt of only $54M with a loan book of $148M dollars still existing.... Limited downside risk, however the inability of the company to lay down its proposed future dividend payout policy IMO has hurt the SP in the short term...

Now investors are sitting there not knowing what the company policy is, and not knowing what the future will hold... A token dividend would have done a great way to appeasing investors... Also some management share purchases would also go a great way, I've seen none.