The market is punishing CCP for today's result which contained just one problem, the lack of A+NZ debtors ledgers.
CCP still produced a ROE of about 11.5% for FY'23 and expanded its loans business to help offset low PDL purchases.
CCP is forecasting a 4% NPAT increase for FY'24
Should A+NZ debtors become more available the CCP performance could really take off. CCP sits comfortably in my super fund and will return to growth in the near future.
CCP Price at posting:
$20.30 Sentiment: Hold Disclosure: Held
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