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CCP credit corp group limited

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That is a great point and very well summarised. That leaves good...

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BaulklikeGresh

4,912 Posts.

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17/07/18

09:52

Post #: 34384740
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Originally posted by JoeGambler ↑

I suspect the short case is betting the core Australian PDL business will go backwards, materially. That's basically why CCP de-rated earlier this year, because the PDL purchasing fell of a cliff and competitors (CLH) are simultaneously upping purchasing and taking market share. The Aus PDL segment is still the core engine for earnings, and with the US only marginally profitable and lending already at a large market share, future declines/stagnation in the core business will hurt growth. Obviously, Management feel that the PDLs on offer in Aus don't meet the returns criteria, and/or that the US and lending returns are better, so they are backing off from purchasing. This is good in the long term for shareholders, however the 'market' wants to always see growth in the very near future.

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That is a great point and very well summarised. That leaves good entry point opportunities for those looking to get in for the second half of the real estate cycle.

CCP Price at posting: $18.55 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	42	13.100
1	2000	12.770
2	1714	12.700
1	1000	12.680
5	940	12.500

Price($)	Vol.	No.
13.300	500	1
13.310	1477	1
13.380	1314	1
13.500	813	2
13.580	300	1

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

CCP (ASX) Chart

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