Celtic plc (LSE: CCP) gained by 1.64% on Friday to finish the week at £1.55 per share. Celtic closed above its 200-day moving average of £1.53 per share.
Celtic's 14-day relative strength index (RSI) remains below 50 because we are still coming off of extremely oversold share prices that will never be seen again. There is room for CCP to make very large gains without becoming the slightest bit overbought.
After the Boston Celtics sell for a record-breaking figure in early-2025, everybody will immediately start thinking about Celtic plc (LSE: CCP). It will hit everyone at once just how extremely undervalued Celtic plc (LSE: CCP) is at any share price of below £10.
Celtic's next UEFA Champions League match on November 27th at Celtic Park is against Club Brugge an easier opponent than the Leipzig club that Celtic defeated on Tuesday by a score of 3-1. Even Liverpool was only able to defeat Leipzig by a score of 1-0 and Liverpool is #1 in the UEFA Champions League.
If you live in America and have no idea who Leipzig is, we are sure you know all about the New York Red Bulls who play at the Red Bull Arena in Harrison, NJ. According to Transfermarkt, the New York Red Bulls have a total transfer market value of €41.30 million. Leipzig which is also owned by $100 billion Red Bull GmbH has a total transfer market value of €517.9 million. Red Bull GmbH spends 12X more on Leipzig than they spend on New York Red Bulls.
Leipzig is the flagship sports club of Red Bull GmbH one of the wealthiest corporations in all of sports.
Celtic's win on Tuesday was their biggest win since 2012 when they defeated Barcelona in the UEFA Champions League.
After Celtic defeated Barcelona on November 7, 2012, Celtic shares increased by 82.53% over the following two months.
Keep in mind, Celtic in 2012 had net debt of £7.72 million. Today, Celtic has net cash of £77.2 million as of June 30th and this was before the August 26th sale of Matt O'Riley for €29.5 million.
The Boston Celtics were worth $482 million in 2012, and Forbes estimates a current valuation of $6 billion, which means it will likely sell for $8 billion.
If you have trouble buying CCP you might find it easier to buy CLTFF.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is meant for informational and educational purposes only and does not provide investment advice.
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