Slower growth in Australian PDL segment will be offset by higher-growth U.S. PDL and loans segment.
We confirm our fair value estimate of AUD 18.00 per share for no-moat-rated Credit Corp after its response to what it identified as an "anonymous report," or Report, which makes several damaging claims about its business. We have reviewed the Report and are not persuaded to make any changes to our fair value estimate. Credit Corp also took the opportunity to indicate it is experiencing strong operational performance and reaffirmed fiscal 2018 guidance of NPAT of between AUD 62 and 64 million.Wh...
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.
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