First Impression: Scottish Pacific (SCO) FY16 Result

Bell Potter


Synergies: SCO achieved $1.4m of synergies related to Bibby acquisition in FY16 (in-line with prospectus) and is ontrack to deliver full run rate of $5.1m in FY17e | Acquisition Integration: Completed the integration of the three acquisitions (Bibby, GE Capital Debtor Finance and Suncorp Debtor Finance) acquiring ~$400m of new loans and over 600 new clients | Bad Debts: Bad debts as % of avg. exposure declined -17 bps to 0.43%, in-line with prospectus guidance | Funding Capacity and Costs: Currently over $400m of headroom in 3 warehouse facilities to fund continued loan book growth.

Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.