Articles On Collection House (ASX:CLH)

Shares in Credit Corp (ASX: CCP), the owner of Wallet Wizard, Collection House and more, are on the up in early trade today after the company announced its loan book had grown by 32 per cent in the December half. Though the group reported...

ShareCafeTrading Tidbits: TRS, CCP, NUF While the overall market continued its strong start to 2023, the ongoing challenges were on full display in Wednesday’s updates from The Retail Shop, Credit Corp and Nufarm. ………… Discount retailer The...

The creditors of embattled debt collector Collection House (ASX: CLH) have approved the $11 million sale of the business to debt buyer Credit Corp Group (ASX: CCP), ensuring the firm has a future under a new owner. As confirmed to Business...

Shareholders in struggling debt collector Collection House (ASX: CLH) could be left with nothing if creditors follow the recommendations from voluntary administrators and vote to accept a takeover from Credit Corp (ASX: CCP) at a meeting to...

Debt buyer Credit Corp Group (ASX: CCP) has announced it will acquire all of the shares in beleaguered debt collector Collection House (ASX: CLH) for $11 million, enabling the continued operation of the target which is currently under admin...

ASX200 plunges as A2 Milk bucks trend to rally on buybacks. Fortescue slashes dividend, MinRes profit falls 46 per cent, Northern Star profit slip and Credit Corp buys Collection House.

ShareCafeCredit Corp Shares Hit on Flat Outlook Credit Corp is maintaining a steady final dividend of 36 cents a share after lifting earnings for the year to June 30 to $96.2 million. The company told the ASX on Tuesday the steady final tak...

Broke debt collector Collection House’s administrators have given suitors another five days to firm up their bids.

Collection House (ASX: CLH) is in the hole for nearly $20 million to creditors, with Westpac Banking Corporation (ASX: WBC) facing the biggest exposure to the debt collector as voluntary administrators work towards cutting costs for a poten...

FTI Consulting has mailed out debt collector Collection Houses’s lenders the details of its borrowings, as they met for the first creditors meeting at 1pm on Monday.

FTI Consulting, brought in to get listed debt collector Collection House’s house in order, has mailed out flyers for a two-part process.

As interest rates and inflation edge upward – and a little edgier than expected – expect household distress levels to increase and the $2.5 billion-a-year debt collection sector to get busy. “It doesn’t take a rocket scientist to work out t...

Australian class action law firm Bannister Law has announced it is investigating the collapse of neobank Volt Bank and the events leading up to the voluntary appointment of administrators at debt collector Collection House (ASX: CLH). The...

ShareCafeThe Week that Was – June 27-July 1, 2022 We at ShareCafe understand you are busy and may not have been left with enough time to keep up with the quality content we’ve been bringing you throughout the week. To make it easier to do s...

After 35 years of stockbroking for some of the biggest houses and investors in Australia and the UK, the Secret Broker is regaling Stockhead readers with his colourful war stories — from the trading floor to the dealer’s desk. Well, we have...

Tax-loss selling hit the S&P/ASX 200 (INDEXASX: XJO) and All Ordinaries (ASX: XAO) on Thursday, the final day of the financial year, with the market sinking close to 1 per cent into the close to finish 2 per cent lower. Every sector of...

ShareCafeVolt Closure Shuts the Door on Collection House The decision by neobank Volt to close its doors on Wednesday sealed the fate of Brisbane-based shareholder Collection House which went into administration on Thursday after it failed...

ShareCafeEvening Report: 30 June, 2022 by Melissa Darmawan   The Australian sharemarket closed at session lows and had its worst day in two weeks in a broad-based rout. At the closing bell, the S&P/ASX 200 was almost 2 per cent or 132 p...

The share market declined for a second day as the curtain fell on a financial year that delivered a record high for Australian stocks, followed by a sharp technical correction. The S&P/ASX 200 fell 132 points or 1.97 per cent this af...

ShareCafeLunch Report: 30 June, 2022 by Melissa Darmawan   The Australian sharemarket has fallen for a second day and is on track to have its worst month since March 2020. At noon, the S&P/ASX 200 is 0.8 per cent or 52 points lower at 6...

The share market limped towards the end of a challenging financial year with a second day of losses as banks and resource stocks declined. The S&P/ASX 200 retreated 48 points or 0.72 per cent by mid-session. Slender gains in tradi...

A recapitalisation plan has failed to save debt collector Collection House (ASX: CLH) after it languished for two years in COVID-induced doldrums and a weak national economic situation, with the company today announcing it has appointed adm...

ShareCafeMore Disruption in the Cryptoverse Disruption continues in the alternate finance worlds – hot on the heels of Volt, one of the remaining Australian neobanks, throwing in the towel comes more confidence-sapping bad news from the cry...

The ASX 200 mini streak is done, small caps crash hard Brokers at Morgan Stanley downgrade property sector  Titanium Sands pops on Sri Lankan prospects   Property, tech and healthcare stocks are leading losses up and down local markets o...

The leading investors from Wilson Asset Management (WAM) have told investors about two compelling All Ordinaries Index (ASX: XAO) ASX shares that are liked. WAM operates several listed investment companies (LICs). Some, like WAM Leaders Lt...

Listed debt collector Pioneer Credit is understood to be close to capping off a $45 million-plus deal to buy a debt collection portfolio associated with listed peer Collection House.

ASX Emerging Companies (XEC) index has closed o.2% higher Monday Monday winners: Terramin Australia (ASX:TZN), Frontier Resources (ASX:FNT), Ardea Resources (ASX:ARL) Monday losers: Melbana Energy (ASX:MAY)   The ASX Emerging Companies...

The Emerging Companies Index (XEC) climbed more than 2% higher on Thursday, before closing at 1.9%, while its benchmark colleague – the upmarket ASX 200 followed Wall Street’s ascendence, trading up a shade over 1% after the Fed lifted inte...

The ASX Emerging Companies index (XEC) is up more than 1.5% on Thursday, while the benchmark ASX 200 is higher as well. Local investors are totally unconcerned by weak US futures when commodity prices behave like incensed lemmings. The alre...

The ASX Emerging Companies Index (XEC) has recovered strongly on Wednesday, gaining 2.75%. The ASX200 also closed higher, gaining around 45 points or 0.6%. The market found its feet in afternoon trade, tech stocks leading the way. Look. Rat...

Highlights The Small Ordinaries Index surged 1.33% to 3,243 by 12:30 PM AEDT, recovering from a noticeable 2.2% loss on Tuesday. AGS, CDT and CLH are some of the ASX penny stocks that are catching investor attention. Penny stocks are...

Credit Corp Group Limited (ASX: CCP) has kicked off the February earnings season with a record first-half result increasing profit by 8%. Subsequently, the Credit Corp share price is up 4.96% to $35.57. Credit Corp purchases outstanding deb...

Highlights  The outbreak of COVID-19 has weakened the Australian economy along with its capital market since FY2020. With the decline of overall sectoral market, some sectors become highly vulnerable during this uncertain period. CLH,...

There is a small number of ASX shares that are broadly liked by a number of brokers. If many brokers like a business at the same time then that may suggest there could be a potentially opportunity there. Or it may mean that all of the brok...

The Credit Corp Group Limited (ASX: CCP) share price is rising after the debt collector delivered a strong result in FY21. Credit Corp’s FY21 result The company said that despite challenging market conditions, all of its segments beat full...

The Credit Corp Group Limited (ASX: CCP) share price is on the move on Tuesday morning following the release of its full year results. At the time of writing, the receivables management company’s shares are up 6% to $30.21. Credit Corp sha...

ShareCafeAustralia… One Hour In… ASX200 down 20 ASX200 down 20 points (0.3%) to 7411.   ALS Ltd (+3.3%); has bought a 49% stake in European Pharmaceutical NUVISAN. Commonwealth Bank (-0.8%); has pushed out its rate rise expectations to May...

The biggest news out of big caps today came out of Wesfarmers (ASX:WES), which put a $680 million takeover offer on the table for Australian Pharmaceutical Industries (ASX:API) for $1.38 a share. According to Wesfarmers, the rationale behin...

Each week, Stockhead recaps ASX stocks that are “running hot” as deduced by the Relative Strength Index (RSI). The RSI is a technical gauge which measures how trading momentum is affecting the price action. A reading of 70 is seen as the le...

Credit Corp’s (ASX:CCP) share price has weakened since the release of its interim results in February. One of the key factors underpinning the weakness being the potential regulatory risk arising from the Company’s acquisition of Collection...

The Credit Corp Group Limited (ASX: CCP) share price will be one to watch this morning. This follows the release of a trading update by the debt receivables company this morning. How is Credit Corp performing? According to the release, Cre...

Credit Corp (ASX: CCP), which is a buyer of debt, is a company we follow quite closely. Apart from being a potential investment, CCP’s fortunes provide a keen insight into the level of financial stress in the real economy. So, the company’s...

The S&P/ASX 200 (ASX: XJO) is heading for a positive open on Wednesday after US markets pushed higher overnight. Here’s what’s making headlines. ASX 200 rallies on the back of QE pump priming The ASX 200 continued its strong start to th...

ShareCafeCCP Shares Surge on Strong Performance, Upbeat Guidance Shares in debt collection and lending company Credit Corp were up more than 14% at one stage yesterday after the company did better than expected in the December half year and...

The S&P/ASX 200 Index (ASX: XJO) rose by 1.5% today to 6,763 points. Here are some of the highlights from the ASX: RBA announcement The Reserve Bank of Australia has decided to double its quantitative easing program to $200 billion. Th...

The Credit Corp Group Limited (ASX: CCP) share price is surging higher today. This comes after the company released its half-year results for the 2021 period. In early morning trade, shares in the debt collector are swapping hands for $32....

Credit Corp Group Limited (ASX: CCP) shares are under the spotlight today after reporting its FY21 half year result. Credit Corp is a large debt collector, it also runs the loan business Wallet Wizard. HY21 report Credit Corp reported that...

Summary Credit Corp Group Ltd (ASX:CCP) reported a 10 per cent rise in net profit after tax (NPAT) to A$42.3 million in the first half of the fiscal year 2021. While the Australia and New Zealand debt buying and consumer lending busine...

The S&P/ASX 200 Index (ASX: XJO) went up 1.5% today to 6,684 points. Here are some of the highlights on the ASX today: Link Administration Holdings Ltd (ASX: LNK) The Link share price fell by 13.5% after making an announcement today...

Summary Collection House Limited announced the completion of its recapitalisation process, commenced earlier as part of its Strategic Review. The Company entered into a binding agreement with Credit Corp Group under which the latter wo...