Pioneer Credit Limited (PNC) - Research

$2.770

PNC General Information +

ASX Code PNC
Website http://www.pioneercredit.com.au
GICS Sub-Industry Specialized Finance
Market Cap ($M) 175
Current Price $2.770
Day High $2.800
Day Low $2.720
Last Close $2.770
Price Movement - ( No change )
Prices as at 16:40, 26 Jun 2019
+Security prices are delayed by at least 20 minutes and are indicative only.

Recommendation


Pioneer Credit Limited (PNC)
BUY
below
HOLD
up to
SELL
above
Current Price
$2.770 as at 16:40, 26 Jun 2019

Price at review
$2.770 on 29 Mar 19

Business Risk

Share Price Risk

PNC Related Research

PNC Company Overview

Business Description

Pioneer Credit Limited (PNC) is an Australian financial services provider, specialising in acquiring and servicing retail debt portfolios. Pioneer acquires and services unsecured retail debt books in Australia, with a focus on the banking and finance sector. Headquartered in Perth, Western Australia, Pioneer also has representative offices in Manila, Philippines.

PNC Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2020 F 0.00 29.40 9.70% 9.40 15.00 5.40% 0.0%
2019 F 0.00 26.80 -3.30% 10.30 13.80 5.00% 0.0%
2018 A 17.60 27.70 36.60% 10.70 14.30 4.80% 100.0%

PNC Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2018 A 2019 F 2020 F 2018 A 2019 F 2020 F 2018 A 2019 F 2020 F
IMF Bentham (IMF) $579M 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 1.06% 0.00% 0.00%
OFX Group (OFX) $337M 0.0988 0.0083 0.0657 16.4497 16.3146 15.3084 4.26% 4.24% 4.58%
Pioneer Credit (PNC) $172M 0.3655 -0.0332 0.0966 9.8124 10.1493 9.2548 5.27% 5.08% 5.51%

PNC Market Comparison

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.20 10.33 1.64 3.48
Market 0.59 14.90 1.16 0.99
Sector 0.88 12.90 1.03 1.72

PNC Directors

Name Position Start Date
Mr Keith Roy John Managing Director 2 Mar 2009
Mr Michael John Smith Non-Executive Chairman, Non-Executive Director 7 Feb 2014
Mr Mark Richard Dutton Non-Executive Director 3 May 2010
Ms Andrea Hall Non-Executive Director 7 Nov 2016
Ms Ann Robinson Non-Executive Director 27 Feb 2018

PNC Management

Name Position
Leslie Crockett Chief Financial Officer
Lisa Stedman Chief Operating Officer
Anthony Bird Chief Risk Officer
Susan (Sue) Dianna Symmons Company Secretary,General Counsel

PNC Substantial Shareholders

Holding Name
5,199,124 (8.50%) Mr Keith R John
4,575,000 (7.48%) Copia Investments Partners Ltd
3,189,298 (5.21%) Wroxby Pty Ltd

PNC Calendar of Events

Date Event
25 February 2020 Report (Interim)
24 February 2020 Report (Interim)
23 August 2019 Report (Annual)
23 August 2019 Report (Prelim)

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