Last Thursday evening (4 November) on Peter?s Switzer TV I listed, amongst other companies, Credit Corp and Forge Group as two I would have in the hypothetical Self Managed Super Fund Peter challenged me to set up that day.
Why did I nominate CCP and FGE? Both receive my A1 or A2 MQR and both have been trading at a discount to their intrinsic value.
If you are a regular reader of my blog you would have read my insights for some months on these companies. And if you saw today?s announcements, you can imagine why I am a little happier than usual.
Credit Corp?s previous 2011 NPAT guidance was $16-$18 million. Today the company announced FY11 would likely produce an NPAT result of $18-$20 million
CCP Price at posting:
$4.50 Sentiment: LT Buy Disclosure: Held
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