Regardless of the recent share price movement whereby Credit Corp reaffirmed guidance (which equates to zero EPS growth in FY 2023 vs FY 2022), CCP seem to have come out of the recent results announcement smelling like roses.
A 30% drop in NPAT but expected to meet guidance, It appears that the market is accepting of a confiIrmation of no growth for FY 2023. 6 months ago, CCP were slaughtered for their FY 2023 guidance. But the market is forward looking right?
I also take note that since the Directors were quizzed about their 'alignment' within the company at the previous AGM in October, that no shares have been purchased by any director. Why?
Really like the business, but I like to look at the other side. Something doesn't seem right. More than likely it's just me. Happy to be ridiculed.
Cheers.
CCP Price at posting:
$23.15 Sentiment: None Disclosure: Held
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