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11 stories mentioning ASX:CCPUpdated 5d ago

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Asia

Credit Corp Group's Fiscal Year 2026 Results Show Weakened US Outlook, Says Jefferies

Credit Corp Group's (ASX:CCP) US outlook has weakened due to lower expected debt supply, leading to reduced investment in fiscal year 2027, according to a Tuesday Jefferies note.Jefferies said that the company reported a "solid" result, with cash collections rising 11% to AU$530 million and net profit after tax increasing 12% in fiscal 2026.Despite the softer US outlook, the company is supported by its strong Australian and New Zealand lending operations and attractive valuation multiples, the note added.Jefferies kept a buy rating on Credit Corp and cut its price target to AU$16 from AU$17.

ASX:CCP
Asia

Australian Shares Rally; Credit Corp Group Fiscal 2026 Earnings, Revenue Up

Australian shares rose on Tuesday mirroring a rally on Wall Street overnight.The S&P/ASX 200 Index gained 1.4%, or 126.50 points, to close at 9,145.80, setting a new 100-day high.On Wall Street, the Nasdaq Composite, the S&P 500, and the Dow Jones Industrial Average rose 2.1%, 1.5%, and 1.3%, respectively.Brent crude oil futures traded around $84 per barrel. US President Donald Trump said talks to end the conflict in the Middle East and open the Strait of Hormuz had resumed.On the domestic front, the ANZ-Roy Morgan Australian consumer confidence rose 3.5 points to 74.7 in the week of July 27 to Aug. 2, ANZ reported. The four-week moving average was flat at 74.2.Australia's seasonally adjusted household spending rose 0.8% to AU$81.28 billion in June, following a 1.2% increase in the previous month, the Australian Bureau of Statistics reported.In company news, Credit Corp Group (ASX:CCP) logged AU$1.55 in EPS for the fiscal year 2026, compared with AU$1.366 a year ago. For the 12 months ended June 30, revenue was AU$586 million versus AU$545.6 million previously.Charter Hall Social Infrastructure REIT (ASX:CQE) logged AU$0.173 in operating earnings per unit for the fiscal year 2026, compared with AU$0.153 a year ago. For the 12 months ended June 30, revenue was AU$122.9 million versus AU$118.4 million previously.Lastly, Qantas Airways (ASX:QAN) and Japan Airlines (TYO:9201) signed a binding agreement to facilitate the change in Jetstar Japan's shareholder structure through a share buyback transaction, with the divestment of Qantas' 33.32% minority stake, subject to regulatory approvals.

ASX 200ASX:CCPASX:CQEASX:QANTYO:9201
Asia

Update: Credit Corp Group Fiscal 2026 Earnings, Revenue Up; Shares Fall 11%

(Updates to add stock movement in the headline and the last paragraph)Credit Corp Group (ASX:CCP) logged AU$1.55 in EPS for the fiscal 2026, compared with AU$1.366 a year ago, a Tuesday filing showed.For the 12 months ended June 30, revenue was AU$586 million versus AU$545.6 million previously, the Australia-listed financial services company added.The board declared a final dividend of AU$0.455 per share, up from AU$0.36 a year earlier, payable Sept. 25 to shareholders on record as of Sept. 15.The company expects fiscal 2027 net profit after tax to be between AU$110 million and AU$118 million, with earnings of AU$1.61 to AU$1.73 per share.The company's shares fell past 11% in recent Tuesday trade.

ASX:CCP
Asia

ASX Preview: Australian Shares Set for Muted Start as Oil Falls; Credit Corp Group Fiscal 2026 Earnings, Revenue Up

Australian shares are poised to open flat on Tuesday as a sharp overnight slide in oil prices after US President Donald Trump delayed potential action against Iran offsets concerns over geopolitical risks and lingering supply disruptions.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average rose 1.5%, 2.1%, and 1.3%, respectively.In the macroeconomy, the ANZ-Roy Morgan Australian consumer confidence rose 3.5 points to 74.7 in the week of July 27 to Aug. 2, ANZ reported Tuesday.The monthly household spending indicator and the ANZ-Indeed Australian job ads reports are due at 11:30 am Sydney time.In corporate news, Credit Corp Group (ASX:CCP) reported Tuesday fiscal 2026 earnings of AU$1.55 per share on revenue of AU$586 million, compared with earnings of AU$1.366 on revenue of AU$545.6 million a year earlier.Centuria Office REIT (ASX:COF) reported Tuesday fiscal 2026 funds from operation (FFO) of AU$0.112 per share on revenue of AU$172.4 million, compared with FFO of AU$0.118 on revenue of AU$154.3 million a year earlier.Australia's benchmark index rose 0.5%, or 42.5 points, to close at 9,019.30 on Monday.

ASX 200ASX:CCPASX:COF
Asia

Credit Corp Group Fiscal 2026 Earnings, Revenue Up

Credit Corp Group (ASX:CCP) logged AU$1.55 in EPS for the fiscal 2026, compared with AU$1.366 a year ago, a Tuesday filing showed.For the 12 months ended June 30, revenue was AU$586 million versus AU$545.6 million previously, the Australia-listed financial services company added.The board declared a final dividend of AU$0.455 per share, up from AU$0.36 a year earlier, payable Sept. 25 to shareholders on record as of Sept. 15.The company expects fiscal 2027 net profit after tax to be between AU$110 million and AU$118 million, with earnings of AU$1.61 to AU$1.73 per share.

ASX:CCP
Asia

Australian Shares Flat; Inghams Moves to State of High Biosecurity Vigilance After H5N1 Bird Flu Confirmed in Western Australia

Australian shares were flat on Monday, as investors reacted to signs of progress in talks between the US and Iran.The S&P/ASX 200 Index was little changed to close at 8,816.10.Brent crude oil futures traded around $79 per barrel.Iranian negotiators said progress had been made in talks with the US, while mediators released a statement saying the first session of talks had concluded and progress had been made on a roadmap to reach a final deal.Iran earlier said it had once again closed the Strait of Hormuz.In company news, Inghams Group (ASX:ING) moved to a state of heightened biosecurity vigilance to mitigate against any potential risks after Australian authorities confirmed the detection of the H5N1 avian influenza strain in two wild birds found in the Esperance region of Western Australia. It clarified that there had been no detection of the virus in commercial poultry, including Ingham's operations and its supply chain.Metcash (ASX:MTS) reported fiscal year 2026 underlying earnings of AU$0.245 per share, down from AU$0.251 a year earlier. Revenue for the 12 months ended April 30 was AU$17.35 billion, compared with AU$17.32 billion a year earlier.Lastly, Credit Corp Group (ASX:CCP) ceased discussions with Humm Group (ASX:HUM) regarding a potential acquisition, ending takeover talks after the parties were unable to agree on terms. Credit Corp identified unresolved concerns during commercial due diligence and reduced its indicative offer.

ASX 200ASX:CCPASX:HUMASX:INGASX:MTS
Asia

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
Asia

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
Asia

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
Asia

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
Asia

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

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