Agreed. With the collection profile on more recent PDPs they can even out-perform the 13%ish interest rate imposed on them at the moment.
Given their PDP book is large enough now to churn a small profit without any changes, the refi and cost cuts should lead to the ability to purchase their targeted $125-150m of their specific section of PDP market (as per Coffee Microcaps preso)
On a separate note, I'm seeing two different forecasts. CCP saying no uptick in PDPs and large bank seller is not back in market. On the contrary, PNC saying it's a great time to buy.
Agreed. With the collection profile on more recent PDPs they can...
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Last
51.0¢ |
Change
-0.015(2.86%) |
Mkt cap ! $68.83M | |||
| Open | High | Low | Value | Volume |
| 52.0¢ | 52.0¢ | 51.0¢ | $42.61K | 82.93K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 21577 | 51.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.5¢ | 9030 | 1 |
View Market Depth
| Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
| PNC (ASX) Chart |