At 40 cents in 2008 it got down to a P/E of as low as 2 before bouncing back. But that was after 3 price downgrades, disclosure issues and a whole range of other factors
2 years later it was over $10 with some cut throat competition still in play.
Now they have acquired some of that competition and will no doubt be eyeing CLH. Quite clever of CLH to request a suspension extension until the 20th of April. CCP is a higher quality business than in 2008.
Today the PE got as low as 5 before bouncing back to 7. If you believe that this may mirror the gfc collapse then $5 is a good entry point. If you think that this has been drastically overplayed than it may already be too late to enter.
At 40 cents in 2008 it got down to a P/E of as low as 2 before...
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Last
$15.28 |
Change
0.350(2.34%) |
Mkt cap ! $1.040B | |||
| Open | High | Low | Value | Volume |
| $15.21 | $15.39 | $15.13 | $3.869M | 253.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 515 | $15.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.30 | 1000 | 1 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
$15.25 |
Change
0.350 ( 2.26 %) |
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| Open | High | Low | Volume | ||
| $15.15 | $15.39 | $15.15 | 41863 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| CCP (ASX) Chart |