Added to YB: 2024-08-27
Pitch date: 2024-08-26
PNC.AX [bullish]
Pioneer Credit Limited
+13.13%
current return
Author Info
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Company Info
Pioneer Credit Limited, together with its subsidiaries, provides financial services in Australia. It acquires and services purchase debt portfolios.
Market Cap
N/A
Pitch Price
AUD 0.49
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
N/A
EV/Sales
N/A
Sector
Financial Services
Category
growth
Show full summary:
Pioneer Credit Limited - $PNC.AX
PNC.AX: Customer-friendly debt collector. Major refinancing to generate 30-50% MC in FCF by FY26. Management incentives aligned. PWC litigation could earn ~50% MC. Lower rates tailwind. FY24 FCF ~10% MC. NGE Capital bought 5%. Catalyst: Re-rate post-earnings. Long-term hold with enlarged pre-earnings position.
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