Company updates

zipMoney – tracking well

zipMoney 2017-1 Trust Class B notes are performing within the range of our expectations. We expect the transaction to continue performing well due to a diversified receivables pool as well as the backing of a strong servicer

Company updates

CML Group - FY17 solid result

CML posted a strong result with FY17 EBITDA of $13.3m which was ahead of revised guidance as both scale and volume improved. Management are focused on transforming funding by moving to majority bank funded debt in the next 12 to 24 months. CML’s bonds are currently trading higher than the 104% call price at which they are likely to be redeemed at the next call date in May 2018, we believe they offer fair value at current price

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