Yes, I think at one point as low as 30c, however I think it's important to keep in mind that CCP was not the company it is today.. The net asset base is much larger, their capacity has significantly grown. Imagine that, $10 + to 30 cents, it would have been written off, thrown in the bin.. Next minute 5000%+ returns for investors over a 12 year period, while maintaining incredible ROE.
At the end of the day, I have to ask myself, who can take their spot locally in Australia... Particularly in a potential climate of bad debtors and weak books. So the answer to that question is probably, nobody... So then I simply ask myself will they grow at least to the level they were 3 months ago, or 12 months ago, if the answer is remotely near a yes then I'll just start a DCA type entry, with a very small speculative percentage of my PF, perhaps around 2%.
Why Is Share Price Tanking?, page-188
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Last
$17.30 |
Change
0.440(2.61%) |
Mkt cap ! $1.177B | |||
| Open | High | Low | Value | Volume |
| $16.95 | $17.41 | $16.81 | $5.861M | 339.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 823 | $17.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.31 | 1135 | 1 |
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| Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
| CCP (ASX) Chart |