Sorry SP007, you are correct (my mistake), PDL margins have decreased slightly this half, corrected numbers are 2016 22.1% 2015 23.0%
I actually think CCP are ideally placed to be offering loans to credit impaired customers; they know this end of the market. And of course, this is not payday lending as such.
As far as debt goes, I agree I would like to see it drop from here. Projection seems to be about $5-30 million in free cash flow this half which should assist in that regard.
CCP Price at posting:
$17.52 Sentiment: Buy Disclosure: Held
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