Day Trader’s Aftermarket Lounge 28 Oct 2020, page-13

  1. 2,541 Posts.
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    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.

    https://hotcopper.com.au/data/attachments/2600/2600342-a8b19819876533a034cd88cc0800c2c4.jpg

    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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