CCR closed well and buyers regained control after the mid after dump. I expect a strong few days on this one.
5 min chart below.
CCR to disrupt the debt collection business in Australia using AI technology = efficiency + cheaper + overall op costs = high profit margins + higher recoveries.
According to The Australian yesterday - a huge surge in late payments. Biggest in a decadeCCR has a first mover advantage on this type of technology.
Not a bad time to list IPO given defaults and debt recovery BUT they also do it in a way that's sensitive to both consumer and merchant through their interest free payment plans that the user controls. Big future ahead.
This could be an "Afterpay" story here.
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- Day Trader’s Aftermarket Lounge 28 Oct 2020
Day Trader’s Aftermarket Lounge 28 Oct 2020, page-13
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