ASX:CCP

5 stories mentioning ASX:CCPUpdated just now

Every FINWIRES story that references ASX:CCP, newest first.

Update: Credit Corp Group Ends Acquisition Talks With Humm Group; Humm Group Shares Dive 18%

(Updates to add stock movement in the headline and fourth paragraph)Credit Corp Group (ASX:CCP) has ceased discussions with Humm Group (ASX:HUM) regarding a potential acquisition, ending takeover talks after the parties were unable to agree on terms, according to a Monday filing with the Australian bourse.Credit Corp identified unresolved concerns during commercial due diligence and reduced its indicative offer, per the filing.Humm Group confirmed that a mutually acceptable transaction could not be reached, resulting in both parties ending discussions, the filing added.Credit Corp Group's shares rose past 1% in midday trade Monday, while Humm Group's shares were down 18%.

ASX:CCPASX:HUM

Asia3h ago

Credit Corp Group Ends Acquisition Talks With Humm Group

Credit Corp Group (ASX:CCP) has ceased discussions with Humm Group (ASX:HUM) regarding a potential acquisition, ending takeover talks after the parties were unable to agree on terms, according to a Monday filing with the Australian bourse.Credit Corp identified unresolved concerns during commercial due diligence and reduced its indicative offer, per the filing.Humm Group confirmed that a mutually acceptable transaction could not be reached, resulting in both parties ending discussions, the filing added.

ASX:CCPASX:HUM

Asia28d ago

Credit Corp Group Taps Perpetual's Greg Cooper as Board Chair

Credit Corp Group (ASX:CCP) appointed Greg Cooper to succeed Eric Dodd as board chair, effective Aug. 5, according to a Monday filing with the Australian bourse.Cooper, currently the chair of Perpetual (ASX:PPT), will join Credit Corp's board as a non-executive director on July 1 before assuming the chair role, per the filing.

ASX:CCPASX:PPT

Asia45d ago

Humm Group, Credit Corp Named as Defendants in High Court Proceedings by Former Chair

Humm Group (ASX:HUM) and Credit Corp Group (ASX:CCP) were named as two of the defendants in proceedings filed in the High Court of Australia on Wednesday, consisting of an application for constitutional writs and an interlocutory application, by Andrew Abercrombie, founder and former Chair of the firm, and The Abercrombie Group as trustee for the Philadelphia Trust, according to a Thursday Australian bourse filing.The other defendants are the Takeovers Panel, the Australian Securities and Investments Commission, Akat Investments, Jeremy Michael Kersten Raper, and Sandhurst Trustees as custodian for Collins St Value Fund.By the application for constitutional writs, the plaintiffs seek writs of certiorari to quash the declaration of unacceptable circumstances made by the Takeovers Panel on April 17 April and the orders made by thePanel on April 24. The plaintiffs also seek declarations that the declaration and the orders are invalid.By the interlocutory application, the plaintiffs seek orders that the extraordinary general meeting of Humm convened by Raper and Sandhurst Trustees, which was to be resumed on May 13, be further adjourned.Abercrombie and his associates currently own 29.55% Humm's issued shares.

ASX:CCPASX:HUM

Asia45d ago

Credit Corp Forecasts Fiscal 2026 After-Tax Net Profit of Up to AU$110 Million; Shares Jump 10%

Credit Corp Group (ASX:CCP) said its after-tax net profit for fiscal 2026 is expected to grow to between AU$100 million and AU$110 million, compared with AU$94 million for fiscal 2025, according to a Thursday Australian bourse filing.The company's consumer lending volume is on track to reach a record AU$425 million, 15% higher than fiscal 2025, per the filing. Its fiscal third quarter lending to returning customers was AU$72 million, while lending to new customers grew 38% year over year to AU$40 million.The company's shares jumped over 10% in recent trading on Thursday.

ASX:CCP

Track with the FINWIRES app suite

FolioX

Track ASX:CCP in your portfolio

WheelAI

Analyze ASX:CCP options with the wheel strategy

StockInsider

See market sentiment on ASX:CCP