Ann: 1H19 Media Release, page-22

I used to like this co but this does smell fishy

COO abruptly leaves

No change in guidance even though they said H1 was not expected. Guidance was given in Aug 2018 when they had no idea of a tough H1

Potential change in accounting policy as Auditors have not signed off on PDL valuations. I see Euroz have said "However we must note that Pioneer Credits Auditor PwC have flagged a potential accounting change in relation to the accounting of PDPs under new AASB 9. The impact of any potential change should not affect cashflow, however there is potential for it to affect profit recognition through the income statement. Hence our price target is under review."