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Credit Corp Group LimitedCredit Corp Group LimitedCredit Corp Group Limited

Credit Corp Group Limited

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CCP is making a bullish patternCCP has formed a base and trading range the last few months. Earnings have been robust though below analyst estimates last few quarters. Earnings will be out on 1st August and could be a catalyst for the stock to move higher. Current Technical resistance is at 24.5 and stock is trading closer to the resistance range. Watch for a good result and stock could move to 32 as the next immediate level. Given the nature of the scrip you can expect a ballistic move if there are good numbers on topline/bottomline.
ASX:CCP
by yrdvas
Update on ASX:CCPIN early Nov, I wrote about how ASX:CCP would recover and break thru. After a whole month of consolidation between 23-26 dollar range, it finally broke thru previous high of 26.62 with the news (hotcopper.com.au). On fundamental side, CCP is a debt collection company. its acquisition of the other company's debt, with a great price represented two catalysts : (1) its strengthened its book with some low cost inventory and (2) it consolidated the market further and put CCP into a even better position than before. I remain to be super bullish about CCP and will hold on my current position. And I am not surprised it will go beyond its historical high of 38 within the next 6 months.
ASX:CCPLong
by Squishybrain
CCP is a low risk high reward buy now #asxCredit Corp Group Limited is an Australian debt buyer they buy debts from bank, telco and other commercials ( at a discount of course) and try to collect them back by provide different solutions, such as offering flexibility. Their stock price has halved due to covid. Its true that people are facing more financial burden during covid and present high risk of defaulting their debt, but defaulting hurts their personal borrow rating for life and its a situation that the debtors would try to pay and avoid. On the company side, they are also very cautious in buying only good quality debt based on big data. All-in-all both the supply and demand side of this business tends to drive this company into profitability even under the current difficult time. Technically, the stock has been consolidating within the 2 dollar trading range of 17-19 most of the time. There is a recent trend to break out upward to test the recent high of $20.94. If we look at the steadily up-trending 50days avg @17.62 as cut loss point, the risk-reward ratio is super lucrative to give this stock a very strong buy. The pre-covid high for CCP is @37.99, and even if we just recover 50% of that loss from now it gives us close to 50% of profit target with only 10% of downsize.
ASX:CCPLong
by Squishybrain
$CCP - CREDIT CORP - Retesting Resistance$CCP - CREDIT CORP - Retesting Resistance Having a third crack at the $24 mark. Could be worth a look if it breaks. About Credit Corp Credit Corp Group Limited is an Australia-based company engaged in providing financial solutions. The Company is engaged in debt purchase, collection, as well as consumer lending. The Company's segments include Debt ledger purchasing and consumer lending. Its Debt ledger purchasing segment is engaged in purchasing consumer debts at discount to their face value from credit providers with the objective of recovering amounts in excess of the purchase price over the collection life cycle of the receivables. The Consumer lending business offers various financial products to credit-impaired consumers. In its debt purchasing business, it acquires past due consumer debts from the Australian and New Zealand banks, financial services utility and telecommunication providers. The Company's products include Wallet Wizard, CarStart Finance, ClearCash, Credit 2U and Trove Capital. CarStart Finance is a specialist financial service provider for the consumers seeking to purchase and finance a car.
ASX:CCPLong
by zAngus
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