My understanding is that it did meet guidance - It was at the lower end $91 Million. The EPS was down on 2022 at 142 cents down to 134 cents. EPS not yet back to 2019 levels. 2024 forecast EPS between 132 c and 147 cents. That is only back to 2019 as I see it at the top end and in fact in real terms very far back.
Then there are some points noted:
A and NZ lending : Increased delinquency US Debt buying: Sign of degraded collection conditions (increased repayment plan delinquency late in FY23)
Then there are good signs: Net Borrowings to carrying value down to 23.7% from 27.1% last year.
The thing that will affect share price - The dividend is 5% less than last year. That will hurt.
I am still committed to this share.
CCP Price at posting:
$20.47 Sentiment: None Disclosure: Held
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