There are some good posts on CCC this morning both +ve and -ve. However putting up out of date tripe does not rate as good!
I'm a reasonably substantial holder of CCC as holders go I'm guessing. What has worried me always in investing in CCC was the absence of a major. I'd thought Och-Ziff were going to fill that role but they quit...along with every other damned lousy institution that management sold cheap shares to.
The problem is the fundamentals of the company may not amount to a 'hill of beans' in the short term. People get squeezed. Many may have extra loans on the house to buy shares; the houses have stopped going up in value; their interest rates go up; their electricity or water bills go up; they are getting less hours; whatever; pushes them to sell.
Alternately a bit of bad news through the MSM a bout the state of the world. They sell and get the cash.
As Mihal has said it looks a great company, the DO have runs on the bosrd, but their 'capital management has not been perfect'. That is for sure and that's why it is in this hole. Hopefully the London listing might do something to help the situation.
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