Key takeaways for me are:-
KJ appears to be well on track to meet his guidance and has confirmed it.
The collections profile of increasing collections in the less than 12 mos scetion is indicative of good quality PDP purchasing.
The company has not relinquished its attention on the longer >3yr collections section as can be seen when compared with say the FY18 result
The long term contract with CBA locks in at least so me of the PDP purchasing
Seems to be improving the balance sheet and growing within Australia when others are admitting to contraction and headwinds
Outlook is positive in this economic downturn when others are relatively neutral for Australia.
I am of the opinion that PNC is growing again but it must be seen as coming off a low base in its history. I would imagine that there will be a point where the growth will reach a ceiling relating to the selling banks ability to provide further impaired debts but at the moment that according to KJ's presentation is not going to occur in the next couple of years. I am now interested to see how much profit he is able to report for FY23. I reckon he still has a few oneoff writeoffs to report. However the ship appears to be on course.
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Key takeaways for me are:-KJ appears to be well on track to meet...
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Last
50.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $80.36M |
Open | High | Low | Value | Volume |
50.0¢ | 50.0¢ | 50.0¢ | $18K | 36K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 10500 | 48.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
51.0¢ | 20000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 10500 | 0.485 |
2 | 7083 | 0.480 |
1 | 21250 | 0.470 |
1 | 22000 | 0.450 |
1 | 30000 | 0.440 |
Price($) | Vol. | No. |
---|---|---|
0.510 | 20000 | 1 |
0.520 | 50203 | 1 |
0.540 | 20698 | 1 |
0.550 | 12000 | 2 |
0.570 | 47177 | 3 |
Last trade - 15.44pm 28/07/2025 (20 minute delay) ? |
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PNC (ASX) Chart |