Today's brief FY15 pre-close trading update reassures that “the Board fully expects to deliver a year end result in line with market expectations”. CCT increasingly deserves a mid-teens digit P/E multiple to reflect (1) our confidence in strong execution remains high, (2) market share gains, and (3) a financial model built for operating leverage which drives prospects for attractive and accelerating sales and earnings growth, underpinned by a self-funded, on-going multi-year share
