In a couple of weeks we will now the actual results for 1H 2016. In the meantime I have made my own projections and expect the results to be much stronger than CCP has guided.
This growth will be driven by a 10% increase in debtor collections and a 63% increase in revenue from the consumer lending business. At first glance these numbers may look a bit ‘rash’, but here they are anyway:
Receipts from customers and debtors $180m (increase of $18m over pcp)
Consumer lending gross book value $124m (up from $72m as at 31 Dec 2014)
Debt ledger revenue $82m
Consumer lending revenue $26m
Total revenue $110m (increase of $16m over pcp)
Total expenses $74m (increase of $10m over pcp)
Profit before tax $35.4m (increase of $6.5m over pcp)
Profit after tax $24.8m (increase of $4.7m over pcp)
Earnings per share 53 cents (increase of 9.4c, or 23%, over pcp)
Interim dividend 26 cents (increase of 4.0c over pcp)
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