11 November 2018
Four years ago, Credit Corp Group (ASX:CCP) was a difficult company to hold. Although the core Aus/NZ debt purchasing business was doing well, there were significant headwinds. Increased competition was causing prices to rise and returns to decline. Also being the largest player in a mature market, one could also foresee that growth would likely become supply constrained.
19 December 2016
This is a follow up to my attempt at predicting the reported profit for Credit Corp Group's (ASX:CCP) consumer lending business: Reverse Engineering Credit Corps Consumer Lending. Please read it if you haven't, otherwise the rest of this post won't make sense.
02 August 2016
Credit Corp Group (ASX:CCP) reported FY16 results and put in another predictable performance that's slightly above the last guidance.
01 January 2016
Megaport Limited (ASX:MP1) is tech entrepreneur Bevan Slattery's 4th and latest IPO. Its ASX listing occurred on 16th December 2015, raising $25m in the process to fund a global expansion.
11 August 2015
International Money Transfer (IMT) services are all about transferring money from one country to another, often doing a currency conversion in between. The vast majority of this happens between banks, and in most cases the process is complicated, expensive, time-consuming and not a good experience. For those interested on understanding why this is so, I'd highly recommend reading Erin McCune's insightful article There Is No Such Thing As An International Wire.
17 August 2014
Credit Corp (ASX:CCP) reported FY14 results on the 5th of August coming in at the top of the outlook range to wrap up another strong year of earnings growth.
03 February 2014
Credit Corp Group (ASX:CCP) released its HY14 report and presentation on Thursday last week. Underlying revenue up 25% against the comparable previous half to $84.1m Underlying NPAT up 18% to $17.2m Underlying EPS up 17% to 37.4cps Dividend per share for the half is 20cps, up 25% against the underlying DPS of 16cps These are all "underlying" figures as this time last year the company had a favorable once-off legal settlement that boosted the bottom...
28 August 2013
Today the company reported FY13 NPAT and EPS 9.6% above FY12's results. This is slightly below the low range of the guidance given earlier this year of a 10-15% increase. As such, a few investors headed for the door which saw a large 9.44% drop in share price by day's end. The slight miss in forecast can be entirely attributed to the continued sluggishness of the digital media division BeyondD. Not only did it not...
12 August 2013
Not too much as happened since we spoke last about Colorpak. The FY13 results came out last week and with a strong finish to the year, it came slightly ahead of what I was expecting. FY13 ($000) FY12 ($000) Change Revenue 171,676 191,661 -10.4% EBITDA 18,206 16,735 8.8% EBITDA % 10.6% 8.7% NPBT 10,743 9,252 16.1% NPAT 7,494 7,660 -2.2% EPS (cps) 9.19 9.39 -2.1% Revenues were down due to the cut of some unprofitable...
02 July 2013
From a post made on 20th February 2013 Ecosave (ASX:ECV) – $1.39 Lumpy. From an outsider it looks as though there is a possibility of missing the bullish prospectus forecasts. Have since decided to watch from the sidelines. Looks like I wasn't too far off with Ecosave (ASX:ECV) making an announcement today after market close. In the Company’s Initial Public Offering prospectus, Ecosave gave a FY2013 forecast of net profit after tax from operations of...