A director at Credit Corp Group Limited maiden bought 3,720 shares at 13.440AUD and the significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last...
CREDIT CORP GROUP (AU), a company active in the Speciality Finance industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date September 3, 2021, the closing price was AUD 31.68 and its ...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Global Equities Dive, Testing Major Support Global equities have gone from extreme bullish sentiment and an extended market to panic and fear over coronavirus concerns. It is virtually impossible to predict what will happen regarding the virus or how much further markets could sell off as a result. Below we explain our outlook based on what we do know, which has been dampened but is not yet dire. • Indexes Testing Major Support. Major indexes are testing long-term base support and/or support...
Global equities nearing potential resistance Helped by support from global central banks and improving trade headlines, critical support levels have held for major global indexes and therefore our outlook remains constructive. At the same time, just because these indexes are not breaking down does not mean they are headed higher. Rather, we believe global equities remain in a state of purgatory and consolidation is likely to continue as several major indexes approach logical resistance... see c...
No-moat Credit Corp’s positive market update and capital raising that materially strengthens its balance sheet provide a platform for future strong earnings growth and prompts an increase in our fair value estimate to AUD 21.50 per share from AUD 20.70. The company's U.S. purchase debt ledger, or PDL, business is likely to be the primary driver of growth, supported by its growing consumer loan business and emerging opportunities in a rebalancing Australian PDL market. We expect gearing (net bo...
No-moat Credit Corp’s positive market update and capital raising that materially strengthens its balance sheet provide a platform for future strong earnings growth and prompts an increase in our fair value estimate to AUD 21.50 per share from AUD 20.70. The company's U.S. purchase debt ledger, or PDL, business is likely to be the primary driver of growth, supported by its growing consumer loan business and emerging opportunities in a rebalancing Australian PDL market. We expect gearing (net bo...
No-moat Credit Corp’s positive market update and capital raising that materially strengthens its balance sheet provide a platform for future strong earnings growth and prompts an increase in our fair value estimate to AUD 21.50 per share from AUD 20.70. The company's U.S. purchase debt ledger, or PDL, business is likely to be the primary driver of growth, supported by its growing consumer loan business and emerging opportunities in a rebalancing Australian PDL market. We expect gearing (net bo...
No-moat rated Credit Corp Group produced strong fiscal 2019 half-year results, driven by its growth engines of United States purchased debt ledgers, or PDL, and its Australian and New Zealand lending business. The momentum in its growth businesses prompts an increase in our fair value estimate to AUD 20.70 per share from AUD 19.80. We also increase our forecast underlying net profit after tax, or NPAT, for fiscal 2019 to AUD 69.5 million from the previous AUD 68.1 million, which is in line with ...
No-moat rated Credit Corp Group produced strong fiscal 2019 half-year results, driven by its growth engines of United States purchased debt ledgers, or PDL, and its Australian and New Zealand lending business. The momentum in its growth businesses prompts an increase in our fair value estimate to AUD 20.70 per share from AUD 19.80. We also increase our forecast underlying net profit after tax, or NPAT, for fiscal 2019 to AUD 69.5 million from the previous AUD 68.1 million, which is in line with ...
No-moat rated Credit Corp Group produced strong fiscal 2019 half-year results, driven by its growth engines of United States purchased debt ledgers, or PDL, and its Australian and New Zealand lending business. The momentum in its growth businesses prompts an increase in our fair value estimate to AUD 20.70 per share from AUD 19.80. We also increase our forecast underlying net profit after tax, or NPAT, for fiscal 2019 to AUD 69.5 million from the previous AUD 68.1 million, which is in line with ...
No-moat rated Credit Corp Group produced strong fiscal 2019 half-year results, driven by its growth engines of United States purchased debt ledgers, or PDL, and its Australian and New Zealand lending business. The momentum in its growth businesses prompts an increase in our fair value estimate to AUD 20.70 per share from AUD 19.80. We also increase our forecast underlying net profit after tax, or NPAT, for fiscal 2019 to AUD 69.5 million from the previous AUD 68.1 million, which is in line with ...
The recently instituted Senate Inquiry into financial services targeting Australians at risk of financial hardship adds some uncertainty over no-moat Credit Corp’s business, but our initial view is we do not expect the inquiry to materially impact the company. Our fair value estimate is unchanged at AUD 19.80 per share. The inquiry is focusing on areas not covered by the Financial Services Royal Commission, and is investigating payday lenders, short-term credit providers, consumer lease provid...
We believe Credit Corp is well positioned to increase earnings from its new growth segments of acquiring U.S. purchased debt ledgers, or PDLs, and issuing consumer loans to Australians with an impaired credit history. These businesses should compensate for forecast lower growth in its core Australian PDL segment. The company earned its first profit in the U.S. PDL business in fiscal 2018, and it continues to gain scale in its personal loan business. These businesses are poised for growth, but th...
A combination of stronger-than-expected cash collections, continued strong performance in its Australian consumer lending business, and inaugural full-year profit from its new United States purchased debt ledger, or PDL, business, along with the time value of money, leads to no-moat Credit Corp’s fair value estimate increasing to AUD 19.80 per share from AUD 18.00. At our new fair value estimate, the shares trade at a 14 times fiscal 2019 P/E multiple and a dividend yield of 3.6%. The company ...
A combination of stronger-than-expected cash collections, continued strong performance in its Australian consumer lending business, and inaugural full-year profit from its new United States purchased debt ledger, or PDL, business, along with the time value of money, leads to no-moat Credit Corp’s fair value estimate increasing to AUD 19.80 per share from AUD 18.00. At our new fair value estimate, the shares trade at a 14 times fiscal 2019 P/E multiple and a dividend yield of 3.6%. The company ...
We believe Credit Corp is well positioned to increase earnings from its new growth segments of acquiring U.S. purchased debt ledgers, or PDLs, and issuing consumer loans to Australians with an impaired credit history. These businesses should compensate for forecast lower growth in its core Australian PDL segment. The company earned its first profit in the U.S. PDL business in fiscal 2018, and it continues to gain scale in its personal loan business. These businesses are poised for growth, but th...
A combination of stronger-than-expected cash collections, continued strong performance in its Australian consumer lending business, and inaugural full-year profit from its new United States purchased debt ledger, or PDL, business, along with the time value of money, leads to no-moat Credit Corp’s fair value estimate increasing to AUD 19.80 per share from AUD 18.00. At our new fair value estimate, the shares trade at a 14 times fiscal 2019 P/E multiple and a dividend yield of 3.6%. The company ...
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...
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