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Credit Corp (CCP)

ASX.CCP $20.52

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ASX.CCP $20.52

20 MINUTE DELAYED

TODAY

1.18 %

1 YEAR RETURN

0.00%

VOLUME

184,299

DIV YIELD

3.65%

PE RATIO

14.23

52 WEEK RANGE

18.47

36.25

ANALYSIS
OPINION
ACTION

ANALYSIS

Overview

SHARE PRICE ACTIVITY
Last (Price)	20.52
Change	0.24 (1.18)
Bid / Ask	20.51 - 20.62
Volume	184,299
Volume (3mths avg)	0
Turnover	3,805,866
Open	20.89
Day Range	20.49 - 20.98
VWAP	20.65
Prev Close	20.28
Last Trade	06.10 01/07 (AEST)

KEY INFORMATION
Sector	Services
Shares Issued	64,859,462
NTA/Share	0.00
Last Dividend	0.38
Dividend Ex Date	28 FEB 2022
Dividend Pay Date	11 MAR 2022

CURRENT ()
Revenue	374.79
EBITDA	142.71
Profit	88.13
Earnings Per Share (EPS)	0.00
Dividend Per Share (DPS)	0.00
Yield %	3.65
Market Cap	0.00
Price to Earnings Ratio (P/E)	14.23

TARGET PRICE FORECAST

ESTIMATES ()
Revenue	422.56
EBITDA	152.19
Profit	98.41
Earnings Per Share (EPS)	1.43
Dividend Per Share (DPS)	0.76

BROKER CONSENSUS RECOMMENDATION

BUY

SELL

Target Price

0.00

Lt Growth Rate

0.00

Recommendation (BUY)

2.20

OPINION

01/07/2022 09:17

Credit Corp Group Ltd (CCP) $20.28

Debt collector CCP has fallen over 39% in 2022 with a test of $20 now feeling almost inevitable i.e. another +10% lower. Sentiment towards the sector is weak given Collection House (CLH) has now fallen into administration, investors will be weighing up if it’s a simply bad space during a recession or whether the removal of a competitor is an opportunity for CCP – right now we think it’s too close to call.

30/11/2021 17:19

Credit Corp (CCP) $32.80

CCP +8.57%: The debt collector upgraded guidance today expecting FY profit of $92-97m which is up from $85-95m thanks to better acquisition of debts. The market was already at the high end of the guidance range ($94.5m) which is understandable given that CCP generally gets there. Using that as a guide today’s announcement was only a ~2% bump however...

03/08/2021 17:14

Credit Corp (CCP) $28.58

CCP +0.18%: Released FY21 results this morning that were inline with expectations. FY20 was a tough year for CCP with net profit of just $15.5m however FY21 looked a lot better with profit of $88.1m which was broadly inline with the $88.9m expected by the market. Their dividend of 36cps represented a payout ratio of 55% for the full year.

ACTION

CCP

UPDATED 01/07/2022 11:23

MM is neutral CCP

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CCP

UPDATED 30/11/2021 18:05

MM is neutral CCP around $33

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CCP

UPDATED 04/08/2021 08:28

MM is neutral CCP around $29

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Business Summary

Credit Corp is a debt collection agency that purchases delinquent debt books along with document serving and legal services. Higher on the risk spectrum to most but can perform well if debt ledgers are available at attractive rates. High quality operator