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14:59
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Originally posted by Pioupiou
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I do not recall that Management gave a reason for increasing the life of PDLs from six years to eight years. I preferred the six-years life, because it was more conservative, even though it tended to delay statutory profit recognition. Encore Capital uses ten years. Maybe the auditors, or management, suggested eight years was more realistic, particularly as the collection on USA PDLs takes longer than has historically been the norm for the type of PDLs that CCP buys in Australia.
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Looks like the soft landing in the US with very good employment numbers is positively impacting investors views on CCP prospects for the next little while.
(20min delay)