And not to cross promote, but merely give another example of undervalution in the sector would be MNY. It is guiding A27.5m profit for FY17 and has a market cap about 220m. CCP on the other hand has made 55.2m profit for FY17 and has a market cap of 800m.
So MNY is trading at a quarter of the market cap of CCP, but projected to make half the profits.
Clearly this is a pretty unloved sector which is a comforting thought.
CCP Price at posting:
$17.81 Sentiment: None Disclosure: Held
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