As I suggested earlier the banks and non bank lenders will have taken such a pasting during this Pandemic that they will impose stricter lending criteria.
Latitude is the first to do this and expect the others to follow suit
Investors bought this stock in a gung ho credit expansion but now you will find that a significant percentage of the existing PDL will be written off and new PDL will be hard to come by.
The growth story is effectively over.
https://www.mortgagebusiness.com.au/breaking-news/14391-non-banks-lower-risk-appetites
Ann: COVID-19 - Credit Corp withdraws FY20 guidance, page-116
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Last
$14.97 |
Change
-0.160(1.06%) |
Mkt cap ! $1.018B | |||
| Open | High | Low | Value | Volume |
| $15.07 | $15.21 | $14.72 | $1.658M | 111.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1149 | $14.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.98 | 800 | 1 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| CCP (ASX) Chart |