22 December 2012
tagged: asx-ccp asx-ccv asx-tga debt-collection financial-services | 0 comments
Credit Corp Group (ASX:CCP) The AGM came and went. I was expecting a profit upgrade, but it didn't eventuate. However the guidance for PDL purchases in FY13 was upgraded to $70m - $90m (previously $50m - $70m). While conditions are tough with PDL prices at elevated levels, the collections run rate for the the first 4 months of the financial year is at record levels. And the US debt collection business and consumer lending business...
27 September 2012
tagged: asx-ccp asx-clh debt-collection financial-services | 0 comments
A year has gone by since I last did a peer comparison between Credit Corp Group (ASX:CCP) and Collection House Limited (ASX:CLH) - go read it if interested, much of it remains relevant today. The two companies have had share price appreciation of over 40% since, so certainly very happy shareholders from both camps. There are some key differences in important fundamental indicators such as cashflow, debt levels and return on equity. But what I...
31 August 2012
tagged: asx-dsb asx-snl asx-sts automotive construction mining-services | 0 comments
Supply Network Limited (ASX:SNL) A strong result was posted with revenue and profit up 20.3% and 57.8% respective. NPAT coming in at $3.95m or 11.58cps and the annual dividend is up 40% to 7cps. As mentioned previously, the major strength for this truck and bus parts company is its management. The ability to plan and execute medium to long term strategies and deliver for shareholders. Management has once again delivered in spades. A new three...
22 August 2012
tagged: asx-byl construction mining-services | 0 comments
Which company: Recently posted 38% yoy revenue growth and a record profit result Has a good ROE of 20%, decent balance sheet and good cashflows With a record order book of $300m+, over 50% larger than this time last year "The company expects the 2013 financial year to continue to provide a platform for growth in all aspects of the business." EPS 8.55c with a P/E ~4.7, dividend close to 7% fully franked. It's Brierty...
22 August 2012
tagged: asx-eax energy-services engineering | 0 comments
Energy management company Energy Action (ASX:EAX) today posted FY12 results that were slightly ahead of those laid out in the IPO prospectus. Revenue up 23.8% to $17.37m NPAT excluding listing costs up 35.48% to $3.97m Diluted EPS with above figure: 15.84cps Full year 7.2c fully franked dividend Its ~$4m Ward acquisition, expansion into WA and $65m in forward contracts (up 20% on last year) bodes for further growth in FY13. At a trailing P/E of...
07 August 2012
tagged: asx-ccp debt-collection financial-services | 0 comments
Credit Corp Group (ASX:CCP) reported FY12 full year results today. There were no surprises with the results coming in within the guidance range provided during the half yearly. The important numbers are as follows: Ledger acquisitions down 1% year-on-year to $91.5m ($84 - $88m company guidance) Ledger collections and fees up 12.3% to $230.4m Revenue up 10% to 124.6m Adjusted EBITDA up 15.3% to $149.7m NPAT up 26% to $26.6m ($26 - $27m guidance) EPS...
26 July 2012
tagged: asx-snl asx-sts automotive construction mining-services retail | 0 comments
Companies are readying their annual reports at the moment and guidance updates are hitting the market. A couple came through just today... Structural Systems Limited (ASX:STS) FY12 NPAT is forecast to be in the range of $7.6 to $8.0m. This includes an after tax loss of $1.855m for the Eastern Treatment Plant project. Revenue $275m+, up $40m year-on-year. Weaker second half due to "prolonged inclement weather" and lower utilisation of ROCK's drilling fleet. Work in...
22 July 2012
tagged: | 0 comments
I've moved the blog from Posterous to Wordpress.com. It looks a bit different, but everything else pretty much remains the same. If you're an existing RSS subscriber, you may need to update the feed address.
I'm a huge fan of Posterous. But I've been uncertain about its future plans after Twitter acquired the company. I thought I'd jump, rather than wait and be pushed.
Here's to many more value investing posts on WordPress!
18 July 2012
tagged: asx-tga financial-services retail | 0 comments
The importance of the cashflow statement cannot be overstated. While the income report is highly flexible, the cashflow statement is rigid. Cash comes in, cash goes out; here's the bank balance at the end. The cashflow statement is the most honest and trustworthy part of the financial report and an investor's best friend. While Thorn Group (ASX:TGA), a rental/finance company in the consumer and small commercial space, has been on my watchlist for quite a...
26 June 2012
tagged: asx-ccv financial-services retail | 0 comments
Changes to government legislation can make big ripples through affected industries. Cash Converters (ASX:CCV) and the proposed pay-day loan legislation changes is no different. Recently I took a look at the proposed changes and the potential impacts. The main points regarding regarding the legislation changes is as follows: A draft of new pay-day laws was written late last year. It proposed fee caps comprising a 10% establishment fee and a 2% monthly fee. Senate committee...