Pengana: Credit Corp is a growth-stock priced as ex-growth

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Livewire Markets

Pengana: Credit Corp is a growth-stock priced as ex-growth. Rhett Kessler, Senior Fund Manager at Pengana says Credit Corp (ASX:CCP) is a well run, disciplined business trading on a sub-10x multiple with lots of upside. It's being priced as an ex-growth stock, so it's trading on a sub-10 multiple, but the business has found a new leg of growth. The new leg - small loan business lending... has grown from nothing to 25% of earnings... which they're managing as carefully as they manage their other main/core business. We think that could be almost 50% of earnings in the near term. Watch the 2 min video here:


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