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Pioneer Credit Ltd ( (AU:PNC) ) has shared an announcement.
Pioneer Credit Limited announced the vesting of 100,000 Performance Rights into fully paid ordinary shares, with stringent conditions leading to the lapse of 342,974 Rights. No new shares were issued for this vesting, as Pacific Custodians Pty Ltd acquires shares on the market to satisfy the vesting under the Pioneer Equity Incentive Plan. The company aims for further vesting of 7,034,266 Rights contingent on achieving a statutory net profit after tax of $18 million for FY26, highlighting its strategic focus on financial growth and operational efficiency.
The most recent analyst rating on (AU:PNC) stock is a Buy with a A$0.80 price target. To see the full list of analyst forecasts on Pioneer Credit Ltd stock, see the AU:PNC Stock Forecast page.
More about Pioneer Credit Ltd
Pioneer Credit is an ASX-listed company that provides high-quality, flexible financial services to help Australians overcome financial difficulties. The company is trusted by long-term vendor partners and focuses on supporting customers to achieve financial independence. Pioneer Credit aims to grow by leveraging its industry relationships, compliance record, and customer-focused culture.
Average Trading Volume: 136,697
Technical Sentiment Signal: Buy
Current Market Cap: A$81.09M
For an in-depth examination of PNC stock, go to TipRanks’ Overview page.