CCP indicated that they released a $12m Covid provision (maybe 10 ) that was then cancelled out by extra provisions on new PDL’s.
The growth in PDL’s and the loan book look great and to me that is pent up profit.
NPAT grew by 9% and collections per hour grew at 8.4%. I don’t think that is a coincidence.
Lower Aust PDL’s in FY’23 will be more than made up by higher PDL’s in the US in FY’23
All in all a good solid result and the forecast is not the doom and gloom suggested by the early SP fall today.
Cheers…..D
CCP Chart, page-34
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$14.96 |
Change
-0.280(1.84%) |
Mkt cap ! $1.018B | |||
| Open | High | Low | Value | Volume |
| $15.15 | $15.26 | $14.96 | $1.631M | 108.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 481 | $14.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.03 | 322 | 1 |
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| Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
| CCP (ASX) Chart |