Credit to Credit Corp
Credit to Credit Corp. Debt collection business, Credit Corp Group Limited (ASX: CCP), held its AGM in Sydney on Thursday. The company upgraded its purchase guidance for debt ledgers and reaffirmed profit guidance for the financial year. The business has been a large beneficiary of consumers deleveraging over the past five years and shows promising growth prospects with its new lending business. CCP has been a stellar performer under the new management team who helped pick up the business after the GFC where the shares hit a low of 39c. The shares closed the week at $10.11. We own CCP in the investment portfolio. Read our full weekly investor update here: (VIEW LINK)
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Wilson Asset Management has a track record of making a difference for shareholders and the community for 25 years and is the investment manager for eight LICs - WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB), WAM Microcap (ASX: WMI), WAM Alternative Assets (ASX: WMA), WAM Strategic Value (ASX: WAR), WAM Research (ASX: WAX) and WAM Active (ASX: WAA) - and the Wilson Asset Management Leaders Fund. Wilson Asset Management invests over $5 billion on behalf of more than 130,000 retail investors. Wilson Asset Management created and is the lead supporter of the first LICs to deliver both investment and social returns: Future Generation Australia (ASX: FGX) and Future Generation Global (ASX: FGG).
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