From what I've read, the temporary suspension of loan repayments are for SMEs not for individuals.
Add to that, it's the banks that are doing this because the RBA & perhaps the Govt are providing some incentive for them to do this; it does not impact CCP's PDL book. It may reduce the amount of PDLs that they could purchase over the next 3-6 mths, but they had almost their FY2020 forecast PDL purchases committed by Feb (which is actually a shame....they could have bought much cheaper now).
With all the helicopter money being dropped, perhaps it may help them in the short term....hard to know, but reassuring they have seen no material impact to collections......their customers are not dependent on wall street, but I suspect the price action is on expectation of jobless rate increasing substantially
CCP Price at posting:
$9.91 Sentiment: Hold Disclosure: Held
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