Hartley has downgraded CCV to neutral.. valuation at 36cps.. report titled.. "Big downgrade due to capitulation on SACC". This is a significant downgrade from the broker which shows that supporters are losing patience.. The reason why I'm still holding shares:
1) well recognised brand name - an advantage for introducing any new products in the market
2) management/board with track record of successful business turnaround
3) positive operating cash flow despite uncertain market / regulatory environment
4) trading on 7-8x FY17 P/E
Hartley has downgraded CCV to neutral.. valuation at 36cps.....
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Last
23.0¢ |
Change
0.010(4.55%) |
Mkt cap ! $144.3M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 23.0¢ | 22.5¢ | $126.4K | 561.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 1015969 | 16 |
View Market Depth
| Last trade - 15.59pm 27/09/2024 (20 minute delay) ? |
| CCV (ASX) Chart |