Credit Corp Group Limited (ASX: CCP) is Australia’s largest debt buyer, called purchased debt ledgers (PDL), and collector. The company purchases past-due consumer and small business debts from major banks, finance companies, telecommunication companies and utility providers in Australia, New Zealand and the USA. It has been operating for over 25 years and also runs the ‘Wallet Wizard’ short term lending brand.
Pengana’s Rhett Kessler provides his analysis of Credit Corp Group Limited (ASX:CCP), a company consistently under-promising and over-delivering.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.45% at lunch.
Credit Corp Group Limited (ASX:CCP) shares will be under scrutiny this morning after reporting its financial results for the year to 30 June 2018.
Here are the headlines from the S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) and Australian finance circles on Tuesday morning.
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.02% at lunch.
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is up by 0.38% at lunch.
Shares of the $1 billion debt collection and financial services business, Credit Corp Group Limited (ASX: CCP), fell 8% on Tuesday following the release of its half-year financial results.
The Aussie sharemarket or ALL ORDINARIES (INDEXASX:XAO)(ASX:XAO) index closed lower on Tuesday as a2 Milk Company Ltd (Australia) (ASX:A2M) shares went off.
Australia’s share market, or the All Ordinaries (INDEXASX: XAO)(ASX: XAO), has opened in the red by 0.46%, giving up most of yesterday’s gains.
