CCP Creditcorp

[Stranger_Danger]

Winner - still keeping half an eye on this one?

Any change of view? Regular director buying too....

Disc : CCP

[COLIN]

No comment on this one, for some time. Has everyone forgotten it? Well, let me gently point out that it has gone up all the way from a low of 39c to today's 205c, within the last 12 months - that's a gain of over 400% for anyone who was fortunate enough to have bought at that price. Its not only the oil and gas sector where spectacular gains can be made (sometimes spectacular losses).
My own little story: I tried to "catch the falling knife" and suffered accordingly (those were in the days before I became a disciple of "Phaedrus wisdom"!) However, I held on grimly, and am now enjoying some gain for all the pain. It feels good.
A search for "recovery stocks" can prove most rewarding.

[drillfix]

However, I held on grimly, and am now enjoying some gain for all the pain. It feels good.
A search for "recovery stocks" can prove most rewarding.

Way ta Go there Colin. Congrats on your intuition mate.

You gonna take your money back on that now or let it run?

The trend from march onwards on this is great.

[COLIN]

Way ta Go there Colin. Congrats on your intuition mate.

You gonna take your money back on that now or let it run?

The trend from march onwards on this is great.

Will let this one run, for sure. (And I'm also sure that my guru, Phaedrus, would approve!)

Cheers.

[Stranger_Danger]

Frankly, I prefer CLH to CCP but the latter has performed better share price wise.

I have a nagging feeling of risk with CCP that I don't have with CLH, but happy to enjoy the ride.

[ratkin]

Do barramundi still hold a huge amount?

[ratkin]

To answer my own question , they do still have some , they make up 3.1% of Barramundis portfolio.

They took a big bath on these , but maybe they will get out of jail

[mark100]

CCP making new highs and still trading at <10x forecast FY11 earnings. ROE back over 20%. To think they could have gone under a few years ago. I'm always a bit wary of debt collectors but got a few on the recent pullback under $3.60

[drworm]

Got in at around the same price as yourself mark.

As well as a low p/e I also have a feeling that they're under reporting profits. Also for a capital intensive company that's about to hit debt free in not too long speaks volumes...

I rode this company for a 3 bagger back in the day and have only recently got the confidence to buy back in

[mark100]

CCP is trending nicely leading up to the interim results. They have already upgraded forecasts so I expect an upbeat report which hopefully keeps pushing it along