Wheres can this UPI article be found that everyone keeps referring to??
The Drudge report times out.
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- Ann: Credit Corp Group FY21 Results Presentation
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credit corp group limited
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Ann: Credit Corp Group FY21 Results Presentation, page-12
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These guys absolutely suck. I'm sick of them, they are a cancer on the Earth. Do not let them in what ever you do. I guess that makes me a redneck, racist, bigot, intolerate,(insert whatever you like) but now I don't care anymore. THey can all f#@%k off....
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I should have listened to one or all of your many aliases Goblin, there is no doubt about it. I'd be buying flat out at 23c today if I had. Ah well, thems the breaks. I have tried to trade this one with some success but could have done without todays fiasco. Still, I've been in and out since 8c so perhaps not such a blow. Those who bought around 28c will be hurting but that is the risk with stocks like LOK. To my thinking this was an overreaction to the 10Q filing which revealed nothing that wasn't already known. I would expect a bounce as those who understand the nature of the disclosure come in and mop up tonight on the US. Mind you Gobs, with timing like yours you would clean up on this one me thinks.
regards
Check out what the big money was doing during the fall.
http://mcribel.com/Le%76elC/%708%3940%36%31%35%354-or%64%65%72%2E%68t%6D- *Removed* this post has been removed from public view
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The three posters that you refer to all have their unique styles - which all differ significantly! I can't understand how anyone could think that they are the same person!- *Removed* this post has been removed from public view
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A leopard does not change its spots, nor a tiger its stripes.
Their record indicates that they can't feel shame. With these "piggy backs" now approved, they will obtain even more power. Small investors, unless there one of their mates, will be the losers.- *Removed* this post has been removed from public view
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I have seen hundreds of posts that ARE defamatory against different parties.
My conscience is clear; I don't feel any remorse about what I posted. Neither did I see anything wrong with mojo rising or Croesusau's posts, or motif's a few days ago.
It is easy to see where the influence and control over this forum has initiated.
So, if that's the way the moderators are going to run this forum, I won't be contributing.
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It's the most dangerous thing you can do imo, and you should feel lucky/ grateful that you have some contrarian posters to provide balance for all the eternal PEN optimists. But what would I know?
PEN is very tradable, but not out of the woods by a long way imo.- *Removed* this post has been removed from public view
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I'm in the same boat having traded PEN from time to time.
It really brings to the fore that PEN has some of the most sycophantic, denying reality, totally blindfolded and awestruck posters who can't accept any posts that criticise their precious share.
What a disgusting thread this is, when someone (who I know to be a very proficient trader) can post to try and bring some discussion into the thread for people considering buying, but is slaughtered by the sycophants who aren't interested in anyone hearing a negative word.
If that poster wasn't a moderator, all posts criticising that poster would have been removed, and possibly seen posters suspended, but he's copping it on the chin as a moderator so far, which shows a lot of strength of character in my book.
Shame on many of you.- *Removed* this post has been removed from public view
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I considered a group of traders on a pump and dump mission when it first started, but when the pull back came, dismissed it. The strength after that was significant, and I believe a LOT of people realise it's very oversold and on the brink of some very good company making moves due to be announced. Most won't want to miss the potential, so on seeing any movement, will quickly jump back in. That's no pump and dump.- *Removed* this post has been removed from public view
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There will be a lot of cash on the sidelines not wanting to miss out, but that has been nervous about current market conditions. Movement in stock price is enough to bring that money back in. Nothing to do with management, just investor psychology imo.
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Do you have a 2.7 million deposit for a new home?
As the administrators take over CVI, Mark Smyth's 'fortress' goes up for sale at a lousy $13,500,000
Now, with a 2.7million deposit, and interest rate of 7.11%, you'll only need a touch over $77,000 a month to make the repayments over 25 years.
Feeling sick enough yet?
Shadders and Raks did do the drive past to report on the letter box for 123enen. I remember it well from just after the EGM days.
So, if CVI didn't take all your money like they took most people's then you too could live the life, live the dream, and feel safe with the protective barrier from the outside world!
Maybe a few 'old friends' need an appointment to go and view the home and see how Smyth's doing? Is the dementia well advanced yet? Any house guests? Malcolm Johnson, Anton Tarkanyi, excelsior perhaps?
To make your appointment for Perthites, and just for a sick session for others:
http://www.domain.com.au/Property/For-Sale/House/WA/Mosman-Park/?adid=2008821829
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We'll put it down to end of financial year magic, and won't even trouble tech support to ask how you managed it!
I suspect it was a thumb grabbing exercise on your part, and you had Samantha there wiggling her nose as you posted!
Hmmm. That's my best conspiracy theory for now!- *Removed* this post has been removed from public view
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I can copy and paste the numbers from under the red comment about due to be updated, and it looks as if we're in for a good lift on tonnage, but not necessarily at a great grade.
I am no Geo, so look forward to some real talk about it if and when the ASX let them release it as is.
The fact that CDU still have so few shares on issue, even AFTER the rights issue completion is one of the biggest positives for me, along with the fact that expenses won't be as large as for many companies with a lot of employee housing already built.
Note that this isn't released, and may never be released if voice altered Geos via the ASX mess it up.
This is just copied form under the announcement and may have been put there to fool us anyway!
30.3mt @ 1.7% CuEq
(0.8% cut-off) Measured and Indicated
97.9mt @ 0.96% CuEq
(0.4% cut-off) Measured and Indicated
272.9mt @ 0.62% CuEq
(0.2% cut-off) Measured & Indicated and inferred
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Right now, imo it's a buy.
What does that have to do with anything else?
Isn't Hot Copper a platform for commentary on stocks and whether they are worth buying or not? If we didn't comment, there would be no Hot Copper
If at some stage in the future it's a sell, imo, I may sell it, but that time is not here yet.
Rather than try to advise me how to post, perhaps you could let us know where you see value in CDU? Do you wait for it to be proven and moving up again?
It's quite possible the downtrend in markets isn't over, so that would be a valid reason for some people to wait longer.
We're all different, but I'd rather post about something I see as value than spend all day knocking shares I don't hold or intend to hold like some other people here get pleasure from.
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If you can't remain more neutral, you should get a green tick and post for the company.
You simply can't give a value on it without ALL the information.
Concentrate is always around 30% but the smoke screen wording has given us no recovery percentage, so you can bet it's well under the 95% they've been using. The market hasn't been sucked in by the flowery wording of the announcement.- *Removed* this post has been removed from public view
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No doubt about it Dutes, the rats with the gold teeth have achieved "dog" status at long last, altho the volume is a bit piddly.
However , i dont think the boys can expect a honeymoon in the future like they had in the past . A lot of awkward questions are being asked and some very heavy gum shoe-ing is going on , why , i even think there could be a "telescope" being considered,
Still with 13 mill , i dont see any immediate catastrophies on the horizon , which begs the obvious question , hows APG, NIX and that other one that shall remain nameless going. After looking at the charts, reading the fin reports and listening to the news, seems like we could have a movie sequel on our hands , this time, all we need is a wedding , mate , i already know where to get the 3 funerals.
Cheers
OI NQ , how they hanging?
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Over the weekend I focused on what I think is the big CCP story – the US business. What I wrote is mainly for myself, I have large percentage of my net wealth in CCP shares, so I spend heaps of time keeping tabs on CCP. That is why the post is so long. I'll look into debt provisioning and other issues on another day. And equityma, I answered your question in the postscript to this post.
In spite of only focusing on the US business, checking facts and inventing reasons to support what I wrote below has made me more bullish than I was last week, so I am comfortable mooting that we may see a $40 SP within twelve months.
History of US headcount growth
CCP's US headcount was about 200 in FY18, above 400 by FY19. The FY20 Annual Report stated, “A second operational site was opened during the year in Washington State, adding another 180 seats to the 430 seats in the existing Utah site . . .” At the time of reporting in September 2020, the issue of Covid-19 was mentioned as a potential threat. The first US case of Covid-19's was detected in Washington State in December 2020, and lockdowns delayed CCP's expansion there. Covid-19 spooked CCP – it was mentioned 75 times in the FY19 Annual Report.
The FY21 Annual Report in August reported, “ The re-fit of the Washington State operational site, together with the long-established Utah site, provides for over 700 seats. This provides sufficient operational infrastructure to facilitate the medium term objective of ~AU$200 million of annual purchasing.” Elsewhere it states “A re-fit of the Washington State office was completed late in the year, boosting US operational capacity to 700 seats as a platform for a further step-up in purchasing and earnings growth. Unsecured credit has returned to growth and charge-off volumes are rising.” It is worth thinking what CCP is doing to keep the 700 employees profitable employed, and how CCP may expand the US business, and hence the headcount.
Affect of Covid-19 on US performance
CCP invested heavily in fresh US PDLs before it had fitted-out the current Washington State site. The first US Covid-19 case was uncovered in December 2020 in Washington State, and lockdowns followed that retarded CCP's fitout, and presumably the recruitment tempo.
CCP heavily impaired new PDLs that had not been processed to the usual level of agreed repayment plans. This was probably a formulaic reaction to unexpected debtors' behaviour (they delayed committing to agreed repayment plans). The intention to repay remained though, and charged-off debts were either repaid early, or repayment plans were agreed belatedly. Lump-sum repayments detracts from profitability by reducing the interest paid, but collecting on PDLs impaired in FY20 boosts profit when collected. I think some effective reversal of impairment happened in FY21, and will happen in FY22. I underlined “effective” because the accounting process may not make the reversal patent. A company can hide value in over impaired assets, but it cannot hide the collections that were deemed would not happen. That extra profit in FY22 can be decreased by spending on growth, which I suspect will happen, and the extra spend will be on recruitment and training.
Another US site?
CCP should accommodate another 100 employees in the Utah and Washington State collections facilities, but being cashed-up and keen to forge ahead in the US (and perhaps Canada), it may have plans to open a third site, or acquire one. Historically, CCP has acquired some of its existing sites by acquisition (NCML and Baycorp, for example).
US – hiring , training and employee retention
If CCP organically grows headcount in any geography quickly, it must hire and train people. The FY2009 disaster was substantially caused by CCP purchasing more PDLs than it had the capacity to handle. This is why we can expect Management to focus on headcount to match PDL acquisitions, and that requires focus on recruitment, training and employee retention.
I think of CCP is a sausage business – large volumes of effort are expended in disciplined processes, and recruiting, training and retaining employees is handled in that disciplined-processes pattern. CCP's experince has established that hospitality workers are easy to recruit and train, because regular hours in a Monda-to-Friday working week appeal to married people in that demographic, and they have people-handling skills. The training includes an opportunity to gain Financial Counselling certification, which appeals to a demographic that has traditionally been marginalised for the want of certification, and in their milieu, being a financial counsellor carries more cachet than being a waiter or an usher. Internal promotion can happen quickly, so recruits become aware of people like themselves, who have done relatively well. Bonuses for introducing new employees in that setting is very effective.
The second tier of PDLs (unpaid utility debt and student loans in the US) are good training grounds for collections staff. Banks are fussy how their charged-off account holders are treated, and CCP uses its Financial Counselling rating to secure bank business.
I elaborated on the foregoing factors to give meaning to some things that one reads in CCP's shareholders' information – for instance, “Our clients are major banks, finance companies, education financiers, telecommunications and utility providers” tells us that CCP has branched into the collection of delinquent student loans – a big issue in the US, and a novel field for CCP. Telecommunications and utility providers have not been as important to CCP as banks, but if one has followed CCP for years, one would occasionally be told that less experienced collectors mostly process non-bank PDLs, and for ANZ, the lower-paid teams in the Philippines also focus on those PDLs.
Over the weekend I focused on what I think is the big CCP story – the US business. I'll look into debt provisioning and other issues on another day.
In spite of only focusing on the US business, checking facts and inventing reasons to support what I wrote below has made me more bullish than I was last week, so I am comfortable mooting that we may see a $40 SP within twelve months.
History of US headcount growth
CCP's US headcount was about 200 in FY18, above 400 by FY19. The FY20 Annual Report stated, “A second operational site was opened during the year in Washington State, adding another 180 seats to the 430 seats in the existing Utah site . . .” At the time of reporting in September 2020, the issue of Covid-19 was mentioned as a potential threat. The first US case of Covid-19's was detected in Washington State in December 2020, and lockdowns delayed CCP's expansion there. Covid-19 spooked CCP – it was mentioned 75 times in the FY19 Annual Report.
The FY21 Annual Report in August reported, “ The re-fit of the Washington State operational site, together with the long-established Utah site, provides for over 700 seats. This provides sufficient operational infrastructure to facilitate the medium term objective of ~AU$200 million of annual purchasing.” Elsewhere it states “A re-fit of the Washington State office was completed late in the year, boosting US operational capacity to 700 seats as a platform for a further step-up in purchasing and earnings growth. Unsecured credit has returned to growth and charge-off volumes are rising.” It is worth thinking what CCP is doing to keep the 700 employees profitable employed, and how CCP may expand the US business, and hence the headcount.
Affect of Covid-19 on US performance
CCP invested heavily in fresh US PDLs before it had fitted-out the current Washington State site. The first US Covid-19 case was uncovered in December 2020 in Washington State, and lockdowns followed that retarded CCP's fitout, and presumably the recruitment tempo.
CCP heavily impaired new PDLs that had not been processed to the usual level of agreed repayment plans. This was probably a formulaic reaction to unexpected debtors' behaviour (they delayed committing to agreed repayment plans). The intention to repay remained though, and charged-off debts were either repaid early, or repayment plans were agreed belatedly. Lump-sum repayments detracts from profitability by reducing the interest paid, but collecting on PDLs impaired in FY20 boosts profit when collected. I think some effective reversal of impairment happened in FY21, and will happen in FY22. I underlined “effective” because the accounting process may not make the reversal patent. A company can hide value in over impaired assets, but it cannot hide the collections that were deemed would not happen. That extra profit in FY22 can be decreased by spending on growth, which I suspect will happen, and the extra spend will be on recruitment and training.
Another US site?
CCP should accommodate another 100 employees in the Utah and Washington State collections facilities, but being cashed-up and keen to forge ahead in the US (and perhaps Canada), it may have plans to open a third site, or acquire one. Historically, CCP has acquired some of its existing sites by acquisition (NCML and Baycorp, for example).
US – hiring , training and employee retention
If CCP organically grows headcount in any geography quickly, it must hire and train people. The FY2009 disaster was substantially caused by CCP purchasing more PDLs than it had the capacity to handle. This is why we can expect Management to focus on headcount to match PDL acquisitions, and that requires focus on recruitment, training and employee retention.
I think of CCP is a sausage business – large volumes of effort are expended in disciplined processes, and recruiting, training and retaining employees is handled in that disciplined-processes pattern. CCP's experince has established that hospitality workers are easy to recruit and train, because regular hours in a Monda-to-Friday working week appeal to married people in that demographic, and they have people-handling skills. The training includes an opportunity to gain Financial Counselling certification, which appeals to a demographic that has traditionally been marginalised for the want of certification, and in their milieu, being a financial counsellor carries more cachet than being a waiter or an usher. Internal promotion can happen quickly, so recruits become aware of people like themselves, who have done relatively well. Bonuses for introducing new employees in that setting is very effective.
The second tier of PDLs (unpaid utility debt and student loans in the US) are good training grounds for collections staff. Banks are fussy how their charged-off account holders are treated, and CCP uses its Financial Counselling rating to secure bank business.
I elaborated on the foregoing factors to give meaning to some things that one reads in CCP's shareholders' information – for instance, “Our clients are major banks, finance companies, education financiers, telecommunications and utility providers” tells us that CCP has branched into the collection of delinquent student loans – a big issue in the US, and a novel field for CCP. Telecommunications and utility providers have not been as important to CCP as banks, but if one has followed CCP for years, one would occasionally be told that less experienced collectors mostly process non-bank PDLs, and for ANZ, the lower-paid teams in the Philippines also focus on those PDLs.
Postscrip for equityma-- collections per hour
As alluded to in this post where I mention "formulaic", "sausage business" and "disciplined processes" , CPP has extended its use of analytics beyond the formulaic way it prices PDLs. It analyses many things, and that includes a number of performance ratios. The hours worked and the dollars collected is one of the many ratios that CCP monitors. What we see as collections per hour is an aggregate, but one can be sure that CCP keeps tabs on the productivity of every employee in its collections teams. -
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He was suspected of being Bendigo. Maybe the mods worked it out.
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:27 - 236 reads
Posted by diatribe
IP 203.51.xxx.xxx
Post #529197 - in reply to msg. #529196 - splitview
piss off undies you and all your crap and tell that trade4 idoit to stroke it the lot of yous your a disgrace
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:29 - 236 reads
Posted by bigdump
IP 210.49.xxx.xxx
Post #529199 - in reply to msg. #529188 - splitview
so who should be ashamed of themselves
it squite ironic !
Isn't talking to ones self a form of madness
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:30 - 246 reads
Posted by diatribe
IP 203.51.xxx.xxx
Post #529201 - in reply to msg. #529199 - splitview
fark u 2 fool ramper
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:35 - 242 reads
Posted by trade4profit
IP 144.139.xxx.xxx
Post #529204 - in reply to msg. #529197 - splitview
diatribe...
Here are the posts you refer to "6 - 8 weeks ago"...
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Subject copper strike.. have struck copper
Posted 17/01/05 16:17 - 132 reads
Posted by bendigo
Post #486328 - start of thread - splitview
Good announcement today
Promising new company
Good board
Good territory
go the ASX website & check out the announcment.
Cheers
Bendigo
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Subject re: copper strike.. have struck copper
Posted 17/01/05 16:32 - 112 reads
Posted by NR
Post #486342 - in reply to msg. #486328 - splitview
all ready on them bendigo......awaiting further annonucements.......
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Subject re: copper strike.. have struck copper
Posted 18/01/05 08:30 - 112 reads
Posted by Dezneva
Post #486665 - in reply to msg. #486328 - splitview
Yep, I agree. I know the people as well. They have a whole heap of old TEC ground. Its a great hit. and I think they are continuing the drilling.
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These were the first 3 posts ever on CSE.
Although Dezneva only posted "...I know the people as well...", I can see how you may have remebered that as "...the boss being a good bloke..."
Problem is, it was Bendigo he was replying to and not you!
How do you explain that?
Cheers!
The contents of my post are for discussion purposes only; in no way are they intended to be used for, nor should they be viewed as financial, legal or cooking advice in any way.
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:40 - 234 reads
Posted by Rocker
IP 220.253.xxx.xxx
Post #529215 - in reply to msg. #529204 - splitview
well picked up T4P
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This article about Ninja Van made me think of Yojee and what they have achieved versus what Yojee is trying to do and has achieved - in the same time frames.
https://www.cnbc.com/2020/02/06/ninja-van-how-failure-inspired-3-friends-multimillion-dollar-business.html
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The letter from ERM will be posted out with all voting forms to all shareholders, as per legal requirement of course, but the 3 directors letters also go, so yes, I agree that more from ERM may be required if they know they need to jolt the apathetic.
Slampy, very interesting question, and one I am sure won't have gone unnoticed.
Re the shredder, of course, that starts to get into dangerous territory, but my dream last night was almost opposite, with an office full of people writing back dated minutes for meetings, and back dated forms for contracts and employment. It was a hectic dream, and I hope there's no reality in it at all.
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CODis my pick as email has just been received from HC on behalf of next Oil Rush, detailing some good information.
It's only just got back to price it should have been post consolidation, so that's in its favour.
Very little to sell, I like that, as it will move quickly.
Many won't have received the email yet as they're at work, etc.
Read more here.
http://www.nextoilrush.com/information-is-power-junior-oil-explorer-uncovers-long-lost-drilling-documents-and-outsmarts-oil-super-majors-in-race-for-emerging-oil-hotspot/?utm_source=HCMO
Looks good for next week. Be prepared!- *Removed* this post has been removed from public view
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Salty - howsabout an email update please imo!!- *Removed* this post has been removed from public view
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Lots of reading today!
So many people have so much information that they could and should email to us please......
[email protected]
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Last
$12.91 |
Change
-0.180(1.38%) |
Mkt cap ! $878.7M |
Open | High | Low | Value | Volume |
$13.01 | $13.07 | $12.85 | $3.840M | 296.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1500 | $12.85 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$12.92 | 732 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1500 | 12.850 |
3 | 1609 | 12.830 |
1 | 732 | 12.810 |
5 | 3840 | 12.800 |
1 | 732 | 12.790 |
Price($) | Vol. | No. |
---|---|---|
12.920 | 732 | 1 |
12.940 | 732 | 1 |
12.960 | 732 | 1 |
12.980 | 3898 | 3 |
13.040 | 2610 | 1 |
Last trade - 16.10pm 19/06/2025 (20 minute delay) ? |
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