ha ha, I have been a holder for 1-2 months and was asking myself why it was going up up up ! I agree with the above responses. Stocks go up and down short term, hard to ignore but a necessary discipline if you are confident about the business.
What I love about this company is their discipline. They refuse to buy debts that don't meet specified return hurdles, thus they project lower sales in the US. They make conservative provisions against new loans. Best of all, they responded to softness in the US before it impacts with a seemingly successful Australian loan business, going profitable this year. Nice to see a management team ahead of the curve.
But don't expect firework announcements, they seem conservative from what I have seen. For this one, it's the results that will count.
CCP Price at posting:
$9.80 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)