News: PNC Pioneer Credit Closes A$272.5M Senior Finance Facility, page-8

Been keeping an eye on this stock for a while especially when its share price was below 30c (lower than book value at the time I believe). Wish I bought it then! The key thing to see will be how it does for the year excluding exceptional items such as any legal settlements, refinancing costs and the deferred tax asset recognition. After a couple of good years of investment it should start to show in EBITDA, which I would expect to be more than $100m for the year considering the extra purchasing and the fact they were at $50m in December, and cash collections north of $150m which were $75m at the half. I'm not sure how profitable they can expected to be for the year considering the costs of refinancing but definitely set up for a powerful FY25!