CCP has tended to give a guidance four times a year, and these are usually given in numeric detail, and have been reliable for the last decade. CCP usually does a bit better than its guidance.
One usually sees them in: a July FY Presentation: a Guidance Update in about September; an update in the Half-Year Presentation in January; and an update circa April/May via a Market Update Presentation. This year CCP withdrew its Gidance on 20 March because of Covid-19, and it omitted it in the 29 April 2020 Presentation. I wonder what the July FY20 presentation is going to include a guidance.
To get an idea how granular the July guidance has been in past years , this was the FY19 guidance:
- - - PDL acquisitions $150 - $170m
- - - Net lending $45 - $50m
- - - NPAT $67 - $69m
- - - EPS (basic) 140 - 144 cents
- - - DPS 70 - 72 cents
A similarly styled guidance in July 2020 would put a rocket under the SP, because it would remove a great deal of doubt now swirling in investors' minds. The market tends to view bad news in a more positive light than being kept ignorant.
CCP Price at posting:
$15.43 Sentiment: Buy Disclosure: Held
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