Added to YB: 2024-08-27
Pitch date: 2024-08-26
PNC.AX [bullish]
Pioneer Credit Limited
+36.36%
current return
Author Info
No bio for this author
Company Info
Pioneer Credit Limited, together with its subsidiaries, provides financial services in Australia. The company acquires and services purchase debt portfolios.
Market Cap
AUD 95.7M
Pitch Price
AUD 0.49
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
16.44
EV/Sales
N/A
Sector
Financial Services
Category
growth
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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