CCP credit corp group limited

thanks.In the cash flow statement, they attributed 209m to the...

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    thanks.



    In the cash flow statement, they attributed 209m to the purchase of new PDLs. Any idea on 'net of put-backs' meaning?

    they also state 169.9m - 'collections applied to the investment of recievables portfolio' as a positive number. This sounds like the figure they attribute to the principal compenent of the collections being returned?

    169.9 combined with the 357.3m in collections revenue means that only about 32% of total collections are amortised, compared to CCP in the 40s.

    Am I on the right track here?

    they're also hugely indebted, basically no equity funding the PDLs, all debt as only equity is in goodwill, yikes!


    Last edited by JoeGambler: 13/05/20
 
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