Credit Corp’s Strong Fiscal 2017 Result Largely as Expected; FVE Unchanged
We retain our AUD 18.00 per share fair value estimate for no-moat-rated Credit Corp Group following the strong fiscal 2017 result of AUD 55 million, in line with our forecasts and at the top of the AUD 53 million-AUD 55 million guidance range. The AUD 0.31 final fully franked dividend was AUD 0.01 below our forecast and AUD 0.04 up on a year ago. While fiscal 2018 net profit after tax guidance of AUD 60 million-AUD 63 million was below our expectations, both operating divisions are performing we...Credit Corp Group is engaged in debt purchase and collection as well as consumer lending. Co.'s segments are comprised of: debt ledger purchasing, which is comprised of purchases of consumer debts at a discount to their face value from credit providers with the objective of recovering amounts in excess of the purchase price over the collection life cycle of the receivables; and Consumer lending, which provides various financial products to credit-impaired consumers.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.