Looks like the Australian business is struggling (due to lack of...

Looks like the Australian business is struggling (due to lack of PDLs) and being offset with US and ANZ Consumer lending.

Staff shortages also limiting growth in the US, but at least they have not reduced guidance. Thankfully mgmt have a long term view, so that conservative valuations in PDLs are probably helping a little while they sort out the short term issues and resume growth without risking shareholder capital (i.e. chasing more expensive ANZ PDLS because of lack of supply).

Interesting that the ANZ consumer seems in such a strong position (credit wise)........perhaps all panicked about rising interest rates and inflation holding back spending (and all the handouts probably helped repair household balance sheets too).

CCP are a set and forget and let mgmt do what they go best......growth nice and steady