CCPAnother solid year from CCP, nice touches in the report like not breaking out the cost of capital raising earlier in the year, or normalising EPS with it, just honest accounting, take it straight off the bottom line. Guidance is probably typical under promise and over deliver, the guidance for this year was about half the final outcome. Happy to continue holding.
LPE 4C
Well, cash flow positive if you are only looking at operating cash flow, free cash flow still negative, guidance for next quarter disturbing, huge jump in Opex and a 40% jump in staff & admin costs. Customer growth slow to tranlate to profit.
Will keep holding, but its a low conviction hold and I certainly would not increase position.
The AR only confirmed that things are not going well with LPE, continuing increasing losses, negative cash flow, failure to get anywhere near guidance.
I continue to be a reluctant holder, low conviction, suspicion around management competence.