CCP 1.07% $15.11 credit corp group limited

Why Is Share Price Tanking?, page-199

  1. 7,026 Posts.
    lightbulb Created with Sketch. 181
    See Today's ASX Ann...

    Ann: COVID-19 - Credit Corp withdraws FY20 guidance
    Now let's consider possible reasons why?

    As background see today's article in major newspapers (e.g. P16 of The Australian "Lenders Call In McGrath Nichol As Collections House Seeks Mercy",,,

    Some similarities with CCP are unnerving; Data taken from CCP 2019 Annual Report:
    1. CCP has $142m of Borrowing Liabilities
    2. CCP is In Consumer Credit Lending in a Big Way- e.g. Wallet Wizard flogs loans on TV


    In short, in today's world CCP Balance Sheet is very exposed on several fronts.

    What has/is happening at Customs House-effectively calling in the Receiver-is a dire warning for CCP...& its Investors!

    Last edited by usc75: 20/03/20
 
watchlist Created with Sketch. Add CCP (ASX) to my watchlist
(20min delay)
Last
$15.11
Change
0.160(1.07%)
Mkt cap ! $1.028B
Open High Low Value Volume
$15.00 $15.32 $14.94 $4.987M 329.8K

Buyers (Bids)

No. Vol. Price($)
1 41 $15.05
 

Sellers (Offers)

Price($) Vol. No.
$15.12 1181 2
View Market Depth
Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
CCP (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.