I wish I had had the foresight to accumulate every time usc75 points out an SP pullback.
In fairness to usc75 though, CCP is currently trading on a 21 forward PE (forecast FY20 EPS is ~150c), which is getting a little frothy. I suspect the reason for that is that the market suspects there's potential for earnings upgrades if CCP acquires PNC or buys some of their assets at distressed seller prices.
I wouldn't be surprised to see an SP drop of 5-10% if CCP does not emerge as PNC's buyer, but a pullback around 10% might represent a good buying opportunity as CCP's forecast growth was looking pretty good before PNC was on the market.
I wish I had had the foresight to accumulate every time usc75...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$13.20 |
Change
0.290(2.25%) |
Mkt cap ! $898.4M | |||
| Open | High | Low | Value | Volume |
| $12.89 | $13.30 | $12.70 | $7.519M | 570.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $13.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.24 | 3024 | 2 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| CCP (ASX) Chart |