CCP credit corp group limited

2.25%

$13.20

check CCP's statements mate, its business as usual, all their...

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ironball

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27/04/20

14:11

Post #: 44280114
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Originally posted by gerling: ↑

Hi All,
Could anyone please provide some clarity around bad debt expense for this business.
And how CCP go about reporting / managing this risk?

I expect that it is very difficult to know the quality of all debts within the PDL game, and it would always involve a high degree of estimation (a bit like insurance pricing). So if CCP can buy debt with face value of $100M for $30M, and try and recover $50M? Would it be something like this?

I am struggling to see how the CCP business model would be so badly impacted by the recession, and there will be more bad debts and PDL's in the market due to increasing unemployment etc. Therefore, they should be able to get better pricing on PDLs (has been an issue in the past). Hard to say what this would do to recovery rates etc Could one of the long term holders please post some details on this?

PS I am a bit worried about the Directors lack of buying as share price has crumbled down 60%. Makes me think that the SP fall is justified!

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check CCP's statements mate, its business as usual, all their action such as withdraw the projection etc just for a precautionary in case bad things happening.

CCP Price at posting: $13.97 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $13.20		Change 0.290(2.25%)		Mkt cap ! $898.4M

Open	High	Low	Value	Volume
$12.89	$13.30	$12.70	$7.519M	570.1K

Buyers (Bids)

No.	Vol.	Price($)
1	2000	$13.18

Sellers (Offers)

Price($)	Vol.	No.
$13.24	3024	2

View Market Depth

No.	Vol.	Price($)
1	2000	13.180
1	729	13.160
1	729	13.140
3	3138	13.130
1	729	13.120

Price($)	Vol.	No.
13.240	3024	2
13.250	3100	1
13.260	5944	5
13.270	729	1
13.290	4666	2

Last trade - 16.10pm 20/06/2025 (20 minute delay)

CCP (ASX) Chart

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