18/09/2025 09:53

Credit Corp (CCP) $16.40

CCP’s business model is to buy bad debts at a discount and collect them for a profit, while also offering collection services to lenders. It’s a specialist in managing and monetising non-performing loans. CCP experienced a significant downturn in FY24 due to market conditions and US asset impairments, but the company has rebounded in FY25 with improved financial performance and optimistic projections for the future, although the markets are not convinced.

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05/08/2025 17:27

Credit Corp (CCP) $17.73

CCP +16.19% is a very volatile stock, particularly around results time and while it’s been a poor performer over the past 12 months, it did have a similar rally this time last year. Today, their FY25 results were inline with expectations, though their FY26 guidance was strong – hopefully a sign of things to come:

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30/01/2025 17:31

Credit Corp (CCP) $15.95

CCP –12.55%: Reported half-yearly results, hitting the mark on revenue but disappointing on the earnings line:

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30/07/2024 17:15

Credit Corp (CCP) $17.32

CCP +13.95%: Rallied today after reporting FY24 results that on an underlying basis were mildly stronger than expected, though that wasn’t as obvious when the numbers first hit given an impairment and change in accounting estimates to do with collections i.e. lengthening the collection life cycle assumption from six years to eight years for accounting purposes had a negative impact. Looking through this, the debt collector reported underlying net profit after tax (NPAT) of $81.2m vs consensus of $73.5m while the dividend for the 2H of 23cps was ahead of expectations.

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31/01/2024 16:56

Credit Corp (CCP) $17.21

CCP -2.55%: the lender and debt recovery agency was out with 1H numbers today, kicking off the reporting season on a slightly sour tone. Credit Corp flagged a $45m write down of their US Purchased Debt Ledgers (PDLs) at the AGM in October given a weak collection environment that continued through the end of the year.

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18/10/2023 16:45

Credit Corp (CCP) $11.97

CCP -30.53%: the debt collector fell to 3-year lows today after taking a knife to asset values and guidance. The company said collection conditions had continued to deteriorate after flagging the higher delinquencies at results in August. As a consequence, the company has reduced the value of their US Purchased Debt Ledger (PDL) assets by $45m.

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01/08/2023 16:33

Credit Corp (CCP) $20.63

CCP -12.58%: the debt collection company kicked off reporting season today with a largely disappointing update regarding guidance. FY23 though was broadly in line with revenue of $473m and the dividend of 70cps both slightly beating consensus and Net Profit of $91.3m a slight miss.

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21/07/2023 09:07

Credit Corp Group Ltd (CCP) $23.11

CCP kicks off reporting season on the 2nd of August with the market clearly looking for good things from the debt collection company. With the “mortgage cliff” about to hit Australia through 2H we feel there’s a good chance of an increase of debt to be purchased while the strong employment data suggests defaults won’t blow out as many had expected in 2023.

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16/05/2023 09:15

Credit Corp Group Ltd (CCP) $16.90

Debt collection company CCP has already fallen -16.7% this financial year but with interest rate hikes starting to bite the consumer we believe debt ledgers will become more readily available as people struggle with rising repayments across their various borrowings i.e. we have all heard about the “mortgage cliff” about to unfold in Australia.

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01/02/2023 17:00

Credit Corp (CCP) $22.00

CP +1.66%: 1H report for the debt collection company was out this morning with the stock initial negative reaction overrun by the session’s end.

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