Short Term Trading Week Starting: 25 May, page-48

STTCOMP CCA TA LONG
Change Financial
MC $19m
Cash $5m
Last September CCA became the first new Mastercard processor in 5 years, and only the second in the last 20 years.


Change has spent the last six months with it's first customer ironing out the systems and processes, and any kinks, with the first customer getting officially launched on 6th May.
CCA's been known to be a leaky boat in the past, and there's been a few interesting trades going on recently, culminating in the cappers getting taken out at the end of today.
Recent CR of $5m sees it fully funded with Directors chiming in with $350k to cover the shortfall.
Broke out of it's down trend a few weeks ago, and poised to move back into it's previous trading range of 12 to 21 cents.