Pioneer Credit Ltd ( (AU:PNC) ) has issued an update.
Pioneer Credit Limited is pursuing litigation against PricewaterhouseCoopers (PwC) for negligence and misleading conduct related to accounting advice given in 2017. The company claims losses exceeding $32 million due to PwC’s guidance on accounting standards, and the case is progressing with procedural orders set for further evidence. The outcome of this litigation could significantly impact Pioneer’s financial recovery and stakeholder confidence.
More about Pioneer Credit Ltd
Pioneer Credit is an ASX-listed company providing high-quality, flexible financial services to help Australians overcome financial difficulties. The company is trusted by long-term vendor partners to support customers in achieving financial independence, leveraging strong industry relationships, a solid compliance record, and a customer-focused culture.
YTD Price Performance: -21.43%
Average Trading Volume: 202,576
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$69.96M
See more data about PNC stock on TipRanks’ Stock Analysis page.