Volume modest, no evidence of institutional buying (eg bots).
Puzzling as there has been plenty of sellers recently, if you were a patient enough buyer. Perhaps there is an assumption of good news to be announced soon (as in the annual report).
Alternatively, not so puzzling if the company delivers on earnings (as it is expected to do), and Australian economic conditions are bottoming (presumably easier to collect debts when people have jobs), and the future is not looking too gloomy.
I think that today's price still represents good value, with quite some room to move yet - but I would not have been buying with such enthusiasm as we have seen today.
CCP Price at posting:
$1.60 Sentiment: None Disclosure: Held
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