Roy2U and JoeGambler
I am pleased to read that you have responded with more forward-looking views on CCP as a business, as opposed to what the SP will be tomorrow. I'll not think about it until tomorrow, but as I'll be home and idle, I will probably work up something worth posting. But off the top of my head:
FY20 may be ordinary, and impacted by Covid-19 and the CR expense.
FY21 should be good with revenue coming in from easy to collect fresh PDLs, modest impairments at worst, and offset by the expense of building up the collections teams, especially in the USA.
FY22 and should be good.
Beyond that, CCP would dominate the Australasian scene, and the mathematics of large percentages would make relative growth slow, but being a minow in the USA gives that business a long runway.
CCP Price at posting:
$18.06 Sentiment: Buy Disclosure: Held
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