By my sometimes unreliable sums:
The gross margin on their pdl's has beaten last years returns for any half.
The loan provisioning has stayed high, so has not padded profit. In fact the half two provisioning was higher than the loan book net increase in half 2.
So if the accounts are to be believed, solid performance IMO.
@Klogg - Who does CCP have their banking facilities with? Suspect it is not to be disclosed. If the banks are willing to lend to CCP, they will probably be willing to sell them PDLs (that they do not want anyway). I'm also not sure the banks expect to have these customers back while their credit is bad.
Longed it for the day - so far so good
CCP Price at posting:
$17.19 Sentiment: Hold Disclosure: Held
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