over done, page-12

Not sure CCV fall is overdone although it has been dramatic. I sold half of mine at $1.20 and nearly all the balance at $0.90 having entered at far lower prices. You never go broke taking a profit.

While CCV provides a service for people not otherwise able to access funds, governments of all stripes seem intent on controlling this sort of lending, both in Australia and in the UK. We saw with MMS what happened when some announcement on tax was made. CCV is just as vulnerable.

I'm going to sit back a bit and see what happens. If they increase the dividend to say 4.5 or 5.0 cents that's a sign all is well and it is indeed 'overdone'. But at a running yield of 4.5% there are less risky opportunities elsewhere.

I feel CCV is well run, but even the best run companies can't deal with legislative intervention.

Lizard.