Oct 15, 2026 · 9 min · 8 segments
Send us Fan Mail ASX Investment Opportunity - Pioneer Credit Ltd (ASX:PNC) A 245% jump in statutory profit doesn’t happen by accident, especially…
Andrew MusgraveHost
Now, before getting into recent results, for those that are new to the story, can you just provide a brief overview of the company?
We specialize in buying non-performing or underperforming loans, predominantly off the major Australian banks, and we work with those customers over time to get them back on, on track.
We make our money because we buy well, and we're trusted by the banks to deal with these consumers that are going through a bit of a tough time.
We have a portfolio of just over two billion dollars in receivables owing to Pioneer, um, at the moment.
And of that, about four hundred million dollars is under arrangement, so like a performing loan book, um, that we work with those customers over time.
Now, before getting into recent results, for those that are new to the story, can you just provide a brief overview of the company?
We specialize in buying non-performing or underperforming loans, predominantly off the major Australian banks, and we work with those customers over time to get them back on, on track.
We make our money because we buy well, and we're trusted by the banks to deal with these consumers that are going through a bit of a tough time.
We have a portfolio of just over two billion dollars in receivables owing to Pioneer, um, at the moment.
And of that, about four hundred million dollars is under arrangement, so like a performing loan book, um, that we work with those customers over time.
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