i can see why the market is reacting like this.
I think the market believes the volume will continue to decline and lack of new segments to move into.
How will the project drop in rates affect CCP business?
However, its lending volumes fell below the prior year as industry data showed that a period of post-COVID re-leveraging had come to an end. Nevertheless, Credit Corp's loan book still grew over the half year. Management believes these dynamics should produce strong segment earnings over the second half and record lending segment profits for FY 2025.Although the Wallet Wizard fast cash loan product (current interest rate 47.8%!) has driven lending segment earnings to date, management notes that other products are set to contribute to future growth.
It highlights that persistently elevated post-COVID used car prices have caused the ASX 200 stock to restrict auto lending volumes. However, with used car prices now falling, they may shortly reach the level where restrictions can be removed.
i can see why the market is reacting like this.I think the...
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 (20min delay)
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Last
$13.09 |
Change
-0.080(0.61%) |
Mkt cap ! $890.9M | |||
| Open | High | Low | Value | Volume |
| $13.24 | $13.27 | $13.01 | $2.973M | 227.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 734 | $13.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.14 | 1778 | 1 |
View Market Depth
| Last trade - 16.10pm 18/06/2025 (20 minute delay) ? |
| CCP (ASX) Chart |