CCP 0.67% $14.88 credit corp group limited

Why Is Share Price Tanking?, page-188

  1. 722 Posts.
    lightbulb Created with Sketch. 40
    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%.

 
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$14.88
Change
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Mkt cap ! $1.012B
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$14.98 $15.11 $14.80 $3.716M 249.2K

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$14.86
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