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Why Is Share Price Tanking?, page-197

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Hottin

6,409 Posts.

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19/03/20

21:12

Post #: 43593019
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Originally posted by dragonz ↑

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.

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Good post mate but how do you calculate the earnings if we are not sure about earnings? $5 or less is good entry point unless it goes to $2 right.

CCP Price at posting: $10.11 Sentiment: None Disclosure: Not Held
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(20min delay)
Last $14.35		Change 0.060(0.42%)		Mkt cap ! $976.7M

Open	High	Low	Value	Volume
$14.46	$14.55	$14.32	$3.979M	276.4K

Buyers (Bids)

No.	Vol.	Price($)
1	4073	$14.35

Sellers (Offers)

Price($)	Vol.	No.
$14.40	1322	2

View Market Depth

No.	Vol.	Price($)
1	45	14.350
2	2000	14.300
1	40	14.270
1	2500	14.110
1	700	14.100

Price($)	Vol.	No.
14.300	286	1
14.480	230	1
14.500	3000	1
14.550	2214	3
14.600	1784	1

Last trade - 16.10pm 06/06/2024 (20 minute delay)


Last $14.37			Change 0.060 ( 0.35 %)
Open	High		Low	Volume
$14.44	$14.54		$14.33	38294
Last updated 15.59pm 06/06/2024 ?

CCP (ASX) Chart