Hi Joe,
Price drop could be due to the comments on a slight loss of market share on the Aus PDLs (circa. $30m forward flow) or expectations from some of another earnings upgrade rather than re-confirmation of existing guidance.
Management did mention in the webcast that they had sufficient room in their existing debt facilities in the short term but are exploring the option of using warehousing facility (non-recourse) in the medium term as a funding option.
CCP Price at posting:
$17.03 Sentiment: None Disclosure: Held
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(20min delay)