Why Are ASX: CCP And ASX: NHC Charging Higher Today


After the Australian markets extended the gains for the second week despite investors being skeptical about the markets. Few of the shares rose with the markets with the overall positive tone and with strong financial and social position of the companies. Let’s look at these two companies which are charging higher on ASX.

CREDIT CORP GROUP LIMITED (ASX: CCP) – The company generates momentum into FY19 provided by strong operational performance. Over the past three months, more than $100m in FY19 purchasing contracted, further opportunity reflected in revised guidance. An 18% increase in consumer lending NPAT confirms that the result is at the top end of FY 19 guidance. The US produced an inaugural profit in FY 18 and profitability will increase in FY 19, and profitability will also accelerate in FY 20. The EPS updated guidance as at November 2018 was of 140-144 cents. The company’s focus is on growth and improvement. The company’s portfolio as at October 18, 2018, was at $6.1 billion with some accounts at 710,000. The stock price of the company is $21.160 and traded lower as at Jan 18, 2019. The stock of CCP has seen a performance change of 116.13% in the past sixty months. The EPS of the stock is 1.351 AUD P/E of the stock is 14.880 which is relatively better in the peer basket.  [optin-monster-shortcode id=”swikrbu1d9j9aq0o4cko”]

NEW HOPE CORPORATION LIMITED (ASX: NHC) – The company acquiring a further 30% interest in the Bengalla Joint Venture and Taipower acquiring a further 10% interest. For A$215 million, the company reached a binding commitment with Mitsui to purchase its 10% interest in the Bengalla Joint Venture, as announced on 26 November 2018. The company will own approx. 80% interest in the Bengalla Joint Venture, following completion of the Mitsui transaction. With an increase of 96% on the previous year with Profit Before Tax and non-regular items being $361 million, the 2017/18 financial year was one of record profit before non-regular items. Full year dividends, importantly for shareholders, totaled to 14 cents per share fully franked which is up 40% on the previous financial year. The stock price of the company is $21.160 and traded lower as at Jan 18, 2019. The stock of NHC has seen a performance change of 4.77% in the past sixty months. The EPS of the stock 0.180 AUD and the P/E of the stock is slightly high at 20.170 AUD.


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