PNC is running a implicit multiple (liquidations / FV-adjustment of around 4). So a debt purchased at 15c, they’re looking to collect 60c over the lifetime - anything less, would be under-adjusting.
For reference CCP’s Australia/NZ operations is closer to 2.1.
The MD has always maintained that this is due to their “tier 1 only” PDP purchasing.
Hope that helps.
PNC, page-66
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PNC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
52.0¢ |
Change
0.025(5.05%) |
Mkt cap ! $72.99M | |||
| Open | High | Low | Value | Volume |
| 49.5¢ | 54.0¢ | 49.5¢ | $133.2K | 260.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9523 | 52.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 54.0¢ | 59476 | 2 |
View Market Depth
| Last trade - 15.38pm 27/08/2024 (20 minute delay) ? |
| PNC (ASX) Chart |