PNC 1.59% 62.0¢ pioneer credit limited

Ann: Annual Report to shareholders, page-6

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  1. 955 Posts.
    lightbulb Created with Sketch. 86
    $50m cash collected in 6 mnths + $32m loan limit = $82m available.
    $30m to run business 6 mnths + $40m loan purchased (50%)+ $24m loans given out = $94m.
    Difference is only $12m, hardly a lot in the scheme of things considering the default rate,net assets & track record of the company.
    (2nd half shortage is a further $20m on same basis).

    Do you really think the company would make such plans without having a plan to finance them?
    Especially considering they have just maintained the dividend payout ratio.
    If you're concerned contact the company, I'm not.
 
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