Ann: Credit Corp Group FY23 Media Release, page-37

First 37 Last

Share
Profile

Follow
joewolf

5,665 Posts.

554

18/10/23

09:29

Post #: 70398374
Share

Originally posted by Pioupiou: ↑

On the matter of credit growth, and hence PDL supply this is what Encore Capital stated in August 2023:

“Encore’s second quarter performance reflected normalized consumer behavior and a stable collections environment in each of our key markets,” said Ashish Masih, President and Chief Executive Officer. “With lending and charge-off rates steadily rising in the U.S., the growth of portfolio supply and improvements in portfolio pricing continue. Consequently, MCM portfolio purchases in the U.S.in the second quarter matched our Q1 total of $213 million.”

MCM is Mercantile Credit Management – Encore's business in the USA.

It will take a little longer to flush the helicopter money out of Australia, if ever. on the growing number of households are financially stretched, I visited my older brother who is on a Government pension, and he had $60,000 sitting in his bank account. I asked him whence it came, and he said he cannot spend the money that the Government gives him quickly enough. That saving of $60,000 is after he spent $30,000 building a hotrod, that he does not want – he just liked the challenge of building it. Oh, and while I was there he got a $700 fuel card pursuant to The Country Age Pension Fuel Card, courtesy.

Expand

I think we got our bombshell today.

Its in stark contrast to Encore first half. We overpaid I suspect or got the dregs...

CCP Price at posting: $17.23 Sentiment: None Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

COB

Cobalt Blue sees A$60M price tag for Kwinana, WA refinery – but $68M value for stage one

OJC

SPC to merge with Original Juice Co and Nature One Dairy

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

There are more pages in this discussion • 1 more message in this thread...

First 37 Last

Add CCP (ASX) to my watchlist

(20min delay)
Last $15.84		Change -0.160(1.00%)		Mkt cap ! $1.078B

Open	High	Low	Value	Volume
$15.97	$16.06	$15.82	$1.632M	102.7K

Buyers (Bids)

No.	Vol.	Price($)
1	561	$15.82

Sellers (Offers)

Price($)	Vol.	No.
$15.96	523	1

View Market Depth

No.	Vol.	Price($)
1	561	15.820
1	125	15.800
1	588	15.720
1	960	15.640
1	48	15.550

Price($)	Vol.	No.
15.960	523	1
15.980	523	1
16.000	523	1
16.020	1147	2
16.050	1293	1

Last trade - 16.10pm 02/10/2024 (20 minute delay)

CCP (ASX) Chart

Ann: Credit Corp Group FY23 Media Release, page-37

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Cobalt Blue sees A$60M price tag for Kwinana, WA refinery – but $68M value for stage one

SPC to merge with Original Juice Co and Nature One Dairy

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Credit Corp Group FY23 Media Release, page-37

Top Stories

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Cobalt Blue sees A$60M price tag for Kwinana, WA refinery – but $68M value for stage one

SPC to merge with Original Juice Co and Nature One Dairy

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News