What does Credit Corp Ltd do?
Credit Corp Ltd [ASX:CCP] is Australia’s largest receivables management company, specialising in debt purchase and debt collection services. They purchase the debts of consumers and small businesses from Australian and New Zealand banks and finance and telecommunications companies.
That’s interesting, but what does the chart look like?
What does the chart look like?
I personally find it helpful to bring up a chart. Here’s the weekly chart of CCP:
The share price had another big day, rising to a high of $13.21 today. The chart is telling you the company in a strong position presently.
What now for CCP shares?
This is a company that purchases debt. The chart is indicating to me those debts are able to be repaid presently. Things are profitable for CCP.
The problems for this company will come at the end of the real estate cycle. It will be at that time that many of those debt purchases won’t be able to be repaid and profitability will fall. To know when that will occur and to time it all to your advantage go here to find out more.
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