See Today's ASX Ann...Ann: COVID-19 - Credit Corp withdraws FY20 guidance
Now let's consider possible reasons why?
As background see today's article in major newspapers (e.g. P16 of The Australian "Lenders Call In McGrath Nichol As Collections House Seeks Mercy",,,
Some similarities with CCP are unnerving; Data taken from CCP 2019 Annual Report:
1. CCP has $142m of Borrowing Liabilities
2. CCP is In Consumer Credit Lending in a Big Way- e.g. Wallet Wizard flogs loans on TV
In short, in today's world CCP Balance Sheet is very exposed on several fronts.
What has/is happening at Customs House-effectively calling in the Receiver-is a dire warning for CCP...& its Investors!
See Today's ASX Ann...Ann: COVID-19 - Credit Corp withdraws FY20...
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Last
$15.74 |
Change
-0.280(1.75%) |
Mkt cap ! $1.071B | |||
| Open | High | Low | Value | Volume |
| $16.03 | $16.08 | $15.65 | $4.663M | 295.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2390 | $15.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.75 | 1142 | 2 |
View Market Depth
| Last trade - 16.10pm 09/05/2024 (20 minute delay) ? |
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Last
$15.71 |
Change
-0.280 ( 1.92 %) |
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| Open | High | Low | Volume | ||
| $16.01 | $16.08 | $15.65 | 34550 | ||
| Last updated 15.59pm 09/05/2024 ? | |||||
| CCP (ASX) Chart |