Looks like CCP has benefited from a situation that has allowed them to make 60m of debt purchases within the first 4 months.
They have said that this situation has now ended, but it has put them in a great situation, sitting smack bang in the middle of previously outlined guidance. This has allowed guidance to be upgraded to 70 - 90 mil of purchases for the full year.
Despite the increases purchases profit guidance has remained the same - probably due to the fact that they were not relying on additional purchases to meet this years profit (they strongly emphasise their ability of collecting older PDL's)... They mentioned some early teething problems in the US, this could possibly account for some slight profit drag which may have prevented any upgrades...
The purchasing continues to add confidence of strong results in the upcoming years however.
Still very happy to be holding for the LT and collecting the awesome div, which is bound to rocket now that debt is paid off!
CCP Price at posting:
$7.59 Sentiment: LT Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)