"In April, consumer credit increased at a seasonally adjusted annual rate of 5.7 percent. Revolving credit increased at an annual rate of 13.1 percent, while nonrevolving credit increased at an annual rate of 3.2 percent."
US consumer credit continues to grow strongly likely in response to cost of living issues and run off of pandmeic savings/stimulus. Given the Fed's desire to increase unemploment its safe to assume charge offs will grow meaningly over the next year. This will make the existing book harder to collect, but also provide more supply at cheaper rates which can then be collected on in the recovery years beyond the downturn. CCP has lowish leverage as is well placed to wear any provisioning and still invest in the cheaper PDL books.
Commentary on the state of the Aussie PDL market will also be interesting in the FY results. The same things playing out in the US are lujely translate to Aus, perhaps with a delay and less intense.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)