I have not done a thorough analysis of CCP for a long time, so all I can say that an SP of circa $24-$25 is probably about right. Months ago I mooted $23.
I regard CCP as a poverty stock, so it does well in times when debt defaults are high, because more PDLs are offered for sale, and this probably eclipses the negative aspect of some debt being more difficult to collect.
How soon CCP gets to the point of having its US operation as successful as the Aus/NZ PDL business, I cannot say. That is where the could be a short-term negative, but I view that as the price one has to pay to grow a new business in the USA. If it succeeds there, then there is no practical limit to CCP's opportunities to grow for years to come.
I am glad that I am invested in CCP, and not CLH or PNC.
CCP Price at posting:
$24.10 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)