First Impression: Scottish Pacific (SCO) FY16 Result
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.
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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.
Stockbroker
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.
Expertise
Stockbroker
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.
Expertise
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