As I suggested earlier the banks and non bank lenders will have taken such a pasting during this Pandemic that they will impose stricter lending criteria.
Latitude is the first to do this and expect the others to follow suit
Investors bought this stock in a gung ho credit expansion but now you will find that a significant percentage of the existing PDL will be written off and new PDL will be hard to come by.
The growth story is effectively over.
https://www.mortgagebusiness.com.au/breaking-news/14391-non-banks-lower-risk-appetites
Ann: COVID-19 - Credit Corp withdraws FY20 guidance, page-116
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Last
$15.95 |
Change
-0.610(3.68%) |
Mkt cap ! $1.085B | |||
| Open | High | Low | Value | Volume |
| $16.10 | $16.50 | $15.95 | $3.584M | 223.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1307 | $15.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.11 | 736 | 1 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| CCP (ASX) Chart |