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  1. #1
    Reincarnated Panthera Snow Leopard's Avatar
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    Lightbulb PNC - Pioneer Credit

    I thought that there was an existing thread for this, I have a memory of posting about PNC, but perhaps I just dreamed it. But as I can not find it I am starting this thread.

    If I recall correctly, and that ability is obviously a little suspect, they buy up dodgy debts and not just try and collect what they can on them but actually do a little chatting, hand-holding & general 'here blow your nose into this' with the debtors. Make them into better people and then hopefully lend them some more money.

    Anyway the SP has gone up 8% today on the largest one day volume in over 2 years.
    I have no idea why.

    I consider it probably that my holding in this company is not a figment of my imagination.

    Best Wishes
    Paper Tiger
    om mani peme hum

  2. #2
    percy
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    T'was here...once....
    Think it was one of Steve Fleming's.

  3. #3
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    One of mine too . Steve come back Prob this research note comparing it to CCP did it.

    https://www.livewiremarkets.com/wir...ource=Trending on Livewire "The Morning Wire"

  4. #4
    Reincarnated Panthera Snow Leopard's Avatar
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    Question Is that a good comparison

    Thanks for the info.

    It would be nice if PNC is able to emulate CCP except for that disastrous 2007-8 period (from $12 to $0.50 approximately).

    I wanted in on the recent PNC capital raising but for various reasons, mainly the postal service, missed out.

    Best Wishes
    Paper Tiger
    om mani peme hum

  5. #5
    Reincarnated Panthera Snow Leopard's Avatar
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    Cool Probably not going to happen every year in the future

    EPS for FY2017 was $0.203.

    They are now expecting a 48% increase on that for FY2018 [announcement].

    That would be $0.30.

    Share price is currently less than $2.70.

    Best Wishes
    Paper Tiger
    om mani peme hum

  6. #6
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    s/p $3.30 atm, (up to $3.54) on half y results

    Download Document 304.44KB
    Last edited by Joshuatree; 27-02-2018 at 12:55 PM.

  7. #7
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    https://www.livewiremarkets.com/wire...es-performance
    powerful examples of effective management incentivisation



  8. #8
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    Excellent result today

  9. #9
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    Not bad ehhh! Top end of guidance with a 50% increase in div! Good outlook next year but more conservative est for profit increase next year of 14%, this year re 47% increase.

  10. #10
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    Quote Originally Posted by Joshuatree View Post
    Not bad ehhh! Top end of guidance with a 50% increase in div! Good outlook next year but more conservative est for profit increase next year of 14%, this year re 47% increase.
    Yeah a little on the conservative side at 14% for the next year. Hoping they will give us an upgrade during the year. Happy holder at the moment tho, will accumulate if the price drops over the coming months as I think these guys are doing a good job for the future.

  11. #11
    percy
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    With their projected growth rate higher than their PE ratio they still look like good buying.

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    Even better buying now. Reaffirming full year guidance npat $ 20 mill plus BUT half year undershot, div cut CFO resigns.S/P down re 71c.
    Last edited by Joshuatree; 26-02-2019 at 01:19 PM.

  13. #13
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    Wasnt happy with that announcement today to be honest. I like the fact that are still on track fir their full year guidance but was rather shocked at the 33%decline in NPAT, had no idea it was going that way.

  14. #14
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    Download Document 364.13KB Trading halt re "false market" re valuation."PNC believes that, among other matters, there may be a false market in relation to information regarding the classification and measurement of Purchased Debt Portfolios and is seeking the trading halt pending the release of further information."

    You may have timed it pretty well LAC, fingers crossed for an upsurge soon.

  15. #15
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    Sounds like too much panic by PNC for no reason which makes me wonder if there is a reason

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