AddedMacquarie rates CCP as Underperform - A further profit warning from management sees the broker slash its earnings forecasts, pointing out no earnings growth is likely next year given industry conditions remain poor. As a result it retains its Underperform rating, noting predicting earnings will be difficult for some time given the uncertainty in the company's model.
Target price is $0.50 Current Price is $0.91 Difference:($0.41) - (brackets indicate current price is over target). If CCP meets the Macquarie target it will return approximately - 45% (excluding dividends, fees and charges - negative figures indicate an expected loss).
The company's fiscal year ends in June. Macquarie forecasts a full year FY08 dividend of 0.00 cents and EPS of 18.60 cents. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 4.89.
CCP Price at posting:
0.0¢ Sentiment: Buy 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)