CCP 1.77% $14.38 credit corp group limited

Rock solid balance sheet ?$473 m at YE 19 before CR They have...

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    Rock solid balance sheet ?

    $473 m at YE 19 before CR
    They have just written off $65 million of that
    Another $11 m to be written off in notes
    Expected NPAT Zero to $4 million
    Dividend in Jeapardy
    Expected EPS zero from $1.14
    Cash outflows of 3 million full year 19


    Massive uncertainty about existing recoveries and value of new PDL

    Market Cap over $1 billion
    Many stocks with uncertain future and no earnings visibility trade at less than book value

    Last edited by Goodfella58: 13/07/20
 
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