"With the poor performance of NCML it will be interesting to see how Credit Corp performs. This seems to be atroublesome are for the whole industry."
Compared NCML to Creditcorp is like comparing
FLT to QAN :-)
Credit corp is a top dog in this arena, they spent many year developing their process and they use technology to their perfection they developed proprietary collection system most rival can only dream about :-)
NCML is just another collection agency, it was a mistake for Thorn to acquire them, you dont acquire ordinary business they F**K up your return....
so hopefully management learn from this mistake and not take make a second one or I dump the share and move on before they destroyed the place with write down...
and I did acquire a bit more on the result day because NCML is a good lesson for them and it wont break them but any more NCML style mistake I'm gone...
I have both TGA and CCP
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