Hahaha in the AGM right now, essentially Andrew Smith is saying 'why the f* are people selling CCR shares?? higher interest rates gives them more work and so more revenue and doesn't negatively impact their revenue as CCR does NOT buy debt (which is what Credit Corp does).'
CCR helps customers collect debt. I.e. more people falling behind on their accounts, the more work for CCR, so more revenue. Whereas Credit Corp buys the debt and own the debt, and so is really impacted when their customers can't pay.
Ann: AGM FY23 - Investor Presentation, page-3
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Last
23.5¢ |
Change
-0.005(2.08%) |
Mkt cap ! $98.15M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 23.5¢ | 23.5¢ | $9.411K | 40.04K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 34735 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 25000 | 1 |
View Market Depth
| Last trade - 15.58pm 07/06/2024 (20 minute delay) ? |
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Last
23.5¢ |
Change
-0.005 ( 2.08 %) |
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| Open | High | Low | Volume | ||
| 24.0¢ | 24.0¢ | 23.5¢ | 22000 | ||
| Last updated 15.32pm 07/06/2024 ? | |||||
| CCR (ASX) Chart |