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...
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Last
$15.27 |
Change
0.050(0.33%) |
Mkt cap ! $1.039B | |||
| Open | High | Low | Value | Volume |
| $15.19 | $15.34 | $14.89 | $4.620M | 303.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $14.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.50 | 1749 | 2 |
View Market Depth
| Last trade - 16.10pm 30/07/2025 (20 minute delay) ? |
| CCP (ASX) Chart |