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
$14.07 |
Change
-0.020(0.14%) |
Mkt cap ! $957.7M | |||
| Open | High | Low | Value | Volume |
| $14.23 | $14.31 | $13.94 | $3.440M | 244.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1175 | $14.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.08 | 4905 | 3 |
View Market Depth
| Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
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Last
$13.99 |
Change
-0.020 ( 0.77 %) |
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| Open | High | Low | Volume | ||
| $14.23 | $14.23 | $13.95 | 31432 | ||
| Last updated 15.59pm 27/05/2024 ? | |||||
| CCP (ASX) Chart |