Your debt buying business put its stocks in a trading halt on Thursday, citing an “anonymous report” on the stock. Credit Corp told the ASX it expects to produce an statement to your trade in reaction to your report.
Street Talk knows the report being known by Credit Corp is written by Checkmate analysis and it is en en titled Credit Corp: A wolf in sheep’s clothing.
Credit Corp in a trading halt. Bloomberg
Credit Corp, which includes an industry capitalisation of nearly $900 million and operates in buying and gathering financial obligation and has also a financing company, declined to comment whenever contacted by this column.
The Checkmate report claims Credit Corp is really a payday lender and claims its Wallet Wizard company depends on a “loophole in legislation” in order to avoid being categorized as being a payday lender.
“In our viewpoint Westpac probably will pull financing from CCP that will face the necessity to either quit its payday lending company or even to urgently look for alternate capital. Continue reading →