What is Happening to the Share Price of Credit Corp Ltd?

Credit Corp
Reddit

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:

Credit Corp

Source: STEX

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.

Cheers,

Terence Duffy,

Research Analyst, Cycles, Trends and Forecasts

Join The Daily Reckoning on Google+

Reddit

Leave a Reply

Be the First to Comment!

Notify of
avatar
wpDiscuz
Letters will be edited for clarity, punctuation, spelling and length. Abusive or off-topic comments will not be posted. We will not post all comments.
If you would prefer to email the editor, you can do so by sending an email to letters@dailyreckoning.com.au