Forum Topics CCP CCP CCP FY24 Results Presentation

Pinned straw:

Added 4 months ago

Another year on from the Including staff acquired as part of the acquisition of Collection House during H1 FY23

Noted: Net Profit Margin 1 Year is down from: 19% to 9.37%

But

ROE: is rising


@mushroompanda

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CCP share price and company information for ASX:CCP

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About CCP

The Company operates within the Australian debt collection and consumer lending industry.

Events

Directors / Senior management

  • Mr Eric Dodd
  • Chair, Non Exec. Director
  • Mr Thomas Beregi
  • Managing Director, CEO
  • Mr Phillip Aris
  • Non Exec. Director
  • Mr Bradley John Cooper
  • Non Exec. Director
  • Ms Lyn McGrath
  • Non Exec. Director
  • Mr James Morrison Millar
  • Non Exec. Director
  • Ms Trudy Vonhoff
  • Non Exec. Director
  • Mr Matthew Angell
  • Chief Op. Officer
  • Mr Michael Eadie
  • CFO

Secretaries

  • Mr Michael Eadie
  • Company Secretary
  • Mr Thomas Beregi
  • Company Secretary

CCP head office

  

Head office contact information

address

Level 15, 201 Kent Street, SYDNEY, NSW, AUSTRALIA, 2000

Telephone(02) 8651 5000

Fax1300 483 012


Web site

http://www.creditcorp.com.au 

Share registry

 

Share registry contact information

share registry name

BOARDROOM PTY LIMITED

address

LEVEL 8, 210 GEORGE STREET, SYDNEY, NSW, AUSTRALIA, 2000

Telephone(02) 9290 9600


mushroompanda
Added 4 months ago

Thanks for the tag :D

I'm not following this one with the same level intensity to when I held, but still following nevertheless.

On the share price jump - I think the market really liked the PDL purchasing outlook and improved operating efficiency in the US.

One interesting point of note - after writing down some US PDLs in the 1H, the PDL accounting treatment was changed in 2H, extending the lifecycle from 6 to 8 years. As a result, PDL carry value on the balance rebounded to an all-time high. And this is where my main concern lies. It is certainly a very different investment to what it was just a few years ago if conservative accounting was part of the thesis.

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