ASX Announcements
2024 Annual General Meeting - Chairman's Address
Chairman's Address to Shareholders
- Oct 31, 2024
- 2 pages
June
Challenger, Revolution storm Pioneer Credit’s $300m refinance
Sources said Pioneer and Nomura had found enough demand to upsize the growth facility to haul the total from $245 million to about $300 million.
- Sarah Thompson, Kanika Sood and Emma Rapaport
October 2023
Pioneer Credit sues PwC for $32m in long-running accounting dispute
The legal action is the latest chapter in a long-running dispute between the debt collector and its former auditor over the way financial assets were valued.
- Edmund Tadros
April 2022
Listed debt collector Pioneer Credit in $45m purchase
Listed debt collector Pioneer Credit is understood to be close to capping off a $45 million-plus deal to buy a debt collection portfolio associated with listed peer Collection House.
- Yolanda Redrup, Sarah Thompson, Kanika Sood and Anthony Macdonald
March 2022
Pioneer Credit raising at premium to fund M&A
Debt collector Pioneer Credit reckons it has found a pretty healthy M&A deal - good enough to be raising equity at a premium to its last close.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
June 2021
Morningstar data breach reveals KPMG deal maker lists
An alert system flaw for ASX-listed companies meant third parties could view project names KPMG had assigned, such as ‘Project Africa Comps’ for debt collectors.
- Liam Walsh and Edmund Tadros
September 2020
Banks rally lifts stocks to best week since mid-August
The sharemarket advanced 1.7 per cent over the week as banks enjoyed a massive rally on Friday. Westpac's 7 per cent surge helped steer the S&P/ASX200 Index 1.5 per cent higher on Friday as the government moved to relax responsible lending rules.
- Robert Guy, Vesna Poljak, Sarah Turner, Luke Housego and Tom Richardson
June 2020
Bloodied Collection House unveils $90m debt hit
The company had not been able to comply with loan covenants and needed to come up with a recapitalisation plan by September, according to accounts released on Tuesday afternoon.
- Liam Walsh and Sarah Thompson
April 2020
Pioneer tears up Carlyle contract, says see you in court
Pioneer Credit has terminated an agreement with a private equity buyer which holds $140 million of its debt, saying it will take the matter to court.
- James Frost
The Carlyle Group on notice at Pioneer Credit
The ambulance chasers have turned up at embattled Perth financier Pioneer Credit.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
Debt collectors in trouble as backers turn tables
The pressure is on Pioneer Credit and Collection House as their lenders come knocking.
- James Frost and Liam Walsh
Carlyle turns screws on Pioneer Credit, shares halve
Listed financier Pioneer Credit has lost the support of its proposed buyer and major lender - all in the course of the Easter weekend.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
February 2020
Debt ledger woes bash Collection House
Debt collector warns that profit forecasts are under review and bank covenants could be breached.
- Liam Walsh
December 2019
Pioneer Credit sold for a song after CEO cops 50 per cent pay rise
Debt collection company sold for a steep discount to The Carlyle Group three-and-a-half months after being suspended from trade.
- James Frost
November 2019
Debt chaser softens bankruptcy trigger after backlash
Consumer groups cautiously welcome the move by Collection House - but also want to see proof of change.
- Liam Walsh
October 2019
Debt collectors doing little to repair image
The niche debt collection sector generates one in every 25 complaints submitted to the regulator.
- James Frost
September 2019
Digging deeper with the debt collection industry
The debt collection industry has come a long way from its grubby origins but questionable practices remain.
- James Frost and Liam Walsh
Big banks tighten oversight of sales to debt collectors
The increased scrutiny comes amid a spotlight on bankruptcy proceedings.
- Liam Walsh and James Frost
Pioneer Credit in death spiral as vultures circle
Retail investors are bracing for the worst after Pioneer Credit asked for its suspension from the ASX to be extended for a month amid speculation it could be placed into administration.
- James Frost
Pioneer Credit prays for white knight as bank cuts off funding
Controversial buyer of bad debts says it is exploring a change of control after breaching debt covenants and being abandoned by one of its lenders.
- James Frost
August 2019
Collection House brushes off debt concerns after bankruptcy spike
"We don’t sail close to the wind on any of this," says chairman of debt-chasing agency.
- Liam Walsh