You don't have credit card details available. You will be redirected to update payment method page. Click OK to continue.
I am holding CAR and CCR in my super fund portfolio which I had bought for growth, but now wondering if I should sell and put the funds into shares which appear to be performing better, e.g. SYD.
Also, I unfortunately bought CCL just before it fell significantly. Do you see this stock recovering, or should I sell and take a loss to reinvest in better performing shares? I am retired and my fund is in pension phase, so income is important.
A: Not a fan of Credit Corp and it wouldn’t be in my portfolio. The stock has certainly cheapened – and the other week, it reaffirmed guidance for FY16.
Carsales.com is I think a different story. The market likes the stock, however it is priced on a reasonable multiple of 21.3 times FY16 earnings and 18.8 times FY17 earnings. While it has been growing, it just hasn’t been at a rate that is fast enough or consistent with its multiple – and that is why its share price has slipped a bit. According to FN Arena, the brokers have a consensus target price of $10.80 on the stock (about a 7.8% upside), sentiment is marginally positive at +0.4 (scale -1.0 is most negative, +1.0 is most positive).
I think I would be inclined to hang on to CAR.
