Return on Equity is down to bank level as the business now looks more like a bank, and less like a debt ledger buyer with great expertise in assisting people to meet their obligations and get back on track with their lives. ASIC gunning for these types of loan providers, unfairly as they probably behae admirably, but people loe to squeal and this is politcal capital for left.
Also I am put off by the advertising for some of the products, interrupting my sports viewing leisure time and troubling my conscience. Its still tiny compared to the gambling ads, which is an industry off my list. Investing is risky, but the odds are in my favour.
I am out of CCP for now, but will watch this company and look forward to it one day returning to its roots.
CCP Price at posting:
$14.13 Sentiment: None Disclosure: Not Held
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