We have seen a sp rise in the vicinity of 300% this financial year. The increase has been steeper and faster than I imagined, but it is still below what I suggested it might be by July 2022. Earnings growth is well ahead of my January 2021 musings.
It is worth recalling what happened in July last year. On 24 July CDD revised its earnings guidance and the stock immediately jumped 50%. The company also updated its guidance in February this year and the stock jumped 19% on the day
I think there is a good chance we will see a further earnings announcement next month that will give us another lift. We might also see an announcement concerning the progress of the strategic review the stated aim of which is to "unlock and enhance shareholder value" so as to (it may be inferred) facilitate Crescent's exit at a considerably higher sp.
I think the sp still has a long way to run and the next leg up is just around the corner.
DYOR
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Open | High | Low | Value | Volume |
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2 | 4602 | 0.410 |
1 | 20156 | 0.405 |
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2 | 16003 | 0.390 |
Price($) | Vol. | No. |
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0.430 | 15085 | 3 |
0.440 | 6818 | 1 |
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