CCP is the sort of company that I think one should invests in for the long term, so the focus should be on its business performance, plus management guidance. The latter has historically been useful, and it has historically been conservative, with management consistently delivering more than promised.
The next guidance should be published in late January 2016. Below are historical guidance figures to give one an idea of what management guidance to expect, and what to make of the metrics that management proffers:
FY2012
....................... Initial........... Updated........... Updated....... Guidance...... Actual
................... Guidance....... Nov 2011........ Feb 2012...... May 2012.... FY2012
PDL purch $45m-65m .. $50m-$65m.... $75m-$85m.... $84m-$88m.... $91.5m
NPAT ..... $21m-$23m .. $23m-$25m.... $25m-$27m.... $26m-$27m.... $26.6m
EPS (basic) 46c-51c .......... 50c-55c.......... 55c-59c.......... 57c-59c........ 58.4c
DPS .......... 23c-25c................................................................................. 29.0c
ROE....................................................................................................... 23.49%
FY2013
...................... Initial......... Updated ...... Updated ......... Updated ........ Actual
.................. Guidance .... Nov 2012 ….. Dec 2012 ....... May 2013 ..... FY2013
PDL purch $50-$70m .. $70m-$90m .. $105-$125m .. $125-$130m .. $136.8m
NPAT* .. $27m-$29m .. $27m-$29m ... $27m-$29m .. $28m-$29m ..... $29.9m
NPAT reported* ................................... $29m-$31m .. $30m-$31m...... $32.0m
EPS (basic) 59c-63c ....... 59c-63c ......... 59c-63c .......... 61c-63c ........ 65.2c
EPS (basic) reported*............................. 63c-67c .......... 65c-67c ........ 69.8c
DPS .......... 29c-32c ............................................................................... 37.0c
ROE..................................................................................................... 24.44%
* NPAT and EPS are underlying NPAT and EPS reported, included a 1-off litigation win of $2m, or 4c per share. Actual win transpired to be 4.6c per share. The update in December was probably because the litigation win became known then.
The December 2012 Update was confirmed in January 2013.
FY2014
...................... Initial......... Updated ...... Updated ......... Updated ........ Actual
.................. Guidance .... Nov 2013 ….. Dec 2013 ....... May 2014 ..... FY2014
PDL purch $70-$90m $110m-$120m $125m-$135m $135m-$140m . $154.6m
NPAT .... $31m-$33m .. $31m-$33m ...... $33-$35m .... $34M-$35m ... $34.8m
EPS (basic) 67c-71c ......... 67c-71c .......... 71c-76c .......... 74c-76c ...... 75.4c
DPS .......... 34c-37c ................................................................................ 40.0c
FY2015
......................... Initial ........ Updated ........ Updated ....... Updated ...... Actual
..................... Guidance .... Nov 2014 ....... Jan 2015 ...... April 2015 ... FY2015
PDL Purch $70m-$90m . $80m-$90m $120 - $130m .$130 - $135m . $155.1m
Net lendng $40m-$50m . $40m-$50m .. $40m-$50m ..... $40m-$50m . $36.0m
NPAT ....... $36m-$38m . $36m-$38m .. $36m-$38m ..... $37m-$38m .. $38.4m
EPS .............. 78c-83c ....... 78c-83c .......... 78c-83c ........... 80c-83c …..... 83c
DPS ............. 39c-42c .................................................................................. 44c
FY2016
.................................. Initial .......... Updated
.............................. Guidance ....... Nov 2015
PDL acquisitions $90-$120m ... $125-$145m
Net lending ....... $30m-$40m ….. $30-$40m
NPAT ................ $40m-$42m ...... $42-$44m
EPS ........................ 86c-91c .......... 91-95c
DPS......................... 44c-46c
There has been no business performance basis for the usual wobbles that the SP has experienced. Put it down to Mr Market's mood swings.
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CCP
credit corp group limited
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$12.94

CCP is the sort of company that I think one should invests in...
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Last
$12.94 |
Change
-0.260(1.97%) |
Mkt cap ! $880.7M |
Open | High | Low | Value | Volume |
$12.77 | $13.07 | $12.74 | $3.285M | 255.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 843 | $12.90 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$13.00 | 843 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 843 | 12.900 |
1 | 843 | 12.880 |
1 | 843 | 12.860 |
1 | 843 | 12.840 |
1 | 1000 | 12.810 |
Price($) | Vol. | No. |
---|---|---|
13.000 | 843 | 1 |
13.020 | 843 | 1 |
13.040 | 843 | 1 |
13.050 | 102 | 1 |
13.060 | 843 | 1 |
Last trade - 16.15pm 23/06/2025 (20 minute delay) ? |
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CCP (ASX) Chart |