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1.44%

53.0¢ pioneer credit limited

That is what an actuary is for. The company is also run by an...

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Jobby050647

18 Posts.

31/10/19

17:12

Post #: 41179153
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Originally posted by rooey: ↑

PNC are always hiring because of a high turnover in staff which is common with the industry. Students working part time, low wages and people who can't cut the debt collection industry in making targets all move on.

If the public believe the value of PNC assets are to be believed then good luck to them. A large proportion of debt portfolios PNC purchase are actually worthless and will never see a cent recovered.

I am not saying they don't make money from their purchases but how these are valued are akin to the old NINJA Loans that were packaged up as AAA Mortgage Backed Securities. In other words there are about 10-20% you will get money back on whilst the other 80-90% good luck!!

One question to ask as well is why did they never replace the Chief Risk Officer who left around June 2018 and the Chief Operating Officer who left in December 2018.

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That is what an actuary is for. The company is also run by an industry veteran. I seriously doubt it's the crap-shoot you propose.

Last edited by Jobby050647: 31/10/19

PNC Price at posting: $2.46 Sentiment: None Disclosure: Held
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(20min delay)
Last 53.0¢		Change 0.008(1.44%)		Mkt cap ! $76.04M

Open	High	Low	Value	Volume
53.0¢	53.0¢	52.5¢	$113.1K	213.6K

Buyers (Bids)

No.	Vol.	Price($)
1	50000	53.5¢

Sellers (Offers)

Price($)	Vol.	No.
55.0¢	69974	4

View Market Depth

No.	Vol.	Price($)
1	50000	0.535
1	74745	0.530
1	30735	0.525
1	50000	0.515
2	15687	0.510

Price($)	Vol.	No.
0.550	69974	4
0.565	17700	2
0.570	67000	3
0.575	3650	1
0.580	8550	2

Last trade - 11.56am 11/10/2024 (20 minute delay)

PNC (ASX) Chart