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$14.27 credit corp group limited

Oh and the small detail of not actually owning the product at...

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JoeGambler

7,145 Posts.

2007

06/12/21

16:54

Post #: 58106291
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Originally posted by JoeGambler: ↑

https://gimmie.com.au/how-it-works/#Another 'BNPL' player, however you buy directly from this one and they also over longer term payment plans. They also allow payment within 90 days at no extra cost. The longer plans (1 and 2 yr) are very similar to RR. The plan pricing seems quite fair at 10% to 18% per year (added to cost of the good) depending on credit quality.

Taking at look at RR pricing. A Kogan 55' 4k smart TV is currently discounted at $489 (749 full price). The same TV at RR costs $1109 (48%) over 1 year and $1469 (96%) over 2 years. It seems RR is operating right on the mainstream interest rate limit.

Perhaps Gimmie is a bit tighter on it's credit criteria, but I think this is a good example of, apart from cutting the retail footprint, why RR book has contracted so much and its now being sold. I don't think its competitive with cashed up BNPL players and hurt further by recent stimulus money reducing the need for RR.

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Oh and the small detail of not actually owning the product at the end of lease.

CCP Price at posting: $31.22 Sentiment: None Disclosure: Held
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(20min delay)
Last $14.27		Change 0.040(0.28%)		Mkt cap ! $971.3M

Open	High	Low	Value	Volume
$14.35	$14.52	$14.25	$2.212M	154.3K

Buyers (Bids)

No.	Vol.	Price($)
1	461	$14.25

Sellers (Offers)

Price($)	Vol.	No.
$14.31	752	2

View Market Depth

No.	Vol.	Price($)
1	640	14.240
1	640	14.220
2	640	14.190
1	640	14.170
1	100	14.100

Price($)	Vol.	No.
14.310	752	2
14.320	3923	2
14.350	350	1
14.360	640	1
14.380	640	1

Last trade - 16.10pm 13/06/2024 (20 minute delay)


Last $14.29			Change 0.040 ( 0.53 %)
Open	High		Low	Volume
$14.44	$14.51		$14.25	32140
Last updated 15.59pm 13/06/2024 ?

CCP (ASX) Chart