*Was* invested in Credit Corp for years. Finally got out and put my funds elsewhere. I like the management, don't like the business that it operates in. I got tired of the massive swings in share price and could no longer stomach the volatility and the reliance of their customer cohorts being able to repay back debt (or part thereof). However, I still read their reports out of curiosity.
This was the FY24 guidance provided at the FY23 results (pre-impairment);
FY24 GUIDANCE Ledger investment $200 - $250 million Net lending $45 - $55million NPAT $90 - $100 million EPS (basic) 132 - 147 cents
Here is their FY 25 guidance post FY24 results; Ledger investment $200 - $250 million Net lending $45 - $55 million NPAT $90 - $100 million EPS (basic) 132 - 147 cents
I understand that the company has guided back to the EPS guidance post (and pre) impairment. Sorry, no opinions, just a comment.
CCP Price at posting:
$15.95 Sentiment: None Disclosure: Not Held
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