Credit Corp Slides, Klevo Pops: The Week’s Biggest Finance Moves (2–6 Feb 2026)

Credit Corp Group (ASX:CCP) led the week’s big moves on the downside, tumbling -20.55%. Income Asset Management (ASX:IAM) followed with a -16.67% drop. On the upside, Klevo Rewards (ASX:KLV) jumped 14.29%, with early strength sticking after the stock reopened higher and buyers kept chasing it.

Consumer credit: solid numbers, nervous pricing

CCP’s fall looks like investors reacting to uncertainty rather than a blow-up in the half-year result. The company reported revenue up 4% to $283.6 million and net profit steady at $44.1 million. Yet the story was mixed across regions. US collections rose 23% and US debt buying profit lifted strongly, while the Australia/New Zealand debt buying segment fell. Investors also had to weigh the company’s takeover interest in Humm Group. It’s a non-binding offer, meaning there is no deal yet. That matters because a deal can change risk quickly. If CCP pays too much or the integration goes poorly, profits can suffer. The company also flagged disrupted AU/NZ debt buying conditions, even as it built an investment pipeline to $120 million.

Capital actions: raising cash vs buying back shares

WAM Active (ASX:WAA) slid -6.85% as it launched a 2-for-3 pro-rata non-renounceable entitlement offer at $1.00 per share. Put simply, the fund is issuing a lot of new shares at a discount to raise about $51.4 million, plus a further $19.3 million placement after strong institutional demand. A discounted issue can pressure the price in the short term because new buyers are getting cheaper stock. Regal Partners (ASX:RPL) fell -6.69% even after announcing a $75 million on-market buy-back. A buy-back means the company plans to purchase its own shares on the ASX. That reduces the share count over time, which can lift earnings per share if profits hold. The program is set to run for up to 12 months from late February 2026, giving Regal flexibility on timing.

Funds management: inflows stayed strong, performance fees didn’t

Pinnacle Investment Management (ASX:PNI) rose 3.00% after reporting record net inflows of $17.2 billion and funds under management up to $202.5 billion. Bigger funds under management usually means higher base fees, because investors pay a percentage fee on more money. Profit still fell. PNI’s half-year net profit after tax dropped 11% to $67.3 million, driven by lower performance fees (extra fees earned when investment returns beat targets). The company lifted its interim dividend to 29.0 cents per share, with disclosures indicating around 80% franking. It also moved to buy the remaining 79.2% of Pacific Asset Management for $418.8 million and continued international deal-making in Japan and the UK. For beginners: acquisitions can add earnings, but only if the bought business keeps clients and staff.

Payments and platforms: clear milestones vs strategic uncertainty

Klevo’s rise followed concrete progress at Fly Wallet. The company said the product is operational with Mastercard prepaid and digital wallet programs, and it has achieved anti-money laundering compliance and a credit licence. It also qualified for incentives worth more than $550,000, split between cash and service credits. Investors tend to like this kind of update because it suggests the business can operate within strict rules and has a commercial partner paying it to grow. OFX Group (ASX:OFX) gained 6.00% after launching a strategic review, which can include looking for a buyer or testing merger options. The underlying quarterly numbers were softer: net operating income fell 4.0% quarter-on-quarter and 11.7% year-on-year. Management pointed to strong 44% growth in non-FX revenue, and said 71% of corporate clients have moved to its new platform. The CFO resignation adds uncertainty, even with a transition period through to June 2026.

Yield and balance sheet moves: high payouts need clean loans

360 Capital Mortgage REIT (ASX:TCF) was steadier, up 0.52% for the week, after reporting HY26 profit attributable to unitholders up 94.2% to $2.6 million. It also kept its message simple: the portfolio is mostly senior loans, average loan-to-value ratio was 49.1%, and there were no arrears. For beginners: a lower loan-to-value ratio means borrowers have more equity in their property, which can reduce losses if prices fall. Income Asset Management (ASX:IAM) took the opposite route, falling sharply after it agreed to a $1.9 million settlement in long-running litigation linked to former employees. The company said the settlement was without admission of liability, and a substantial shareholder provided an unsecured liquidity facility to help meet payment obligations. Investors often sell when a small company needs emergency-style support, because it can signal cash strain even if the immediate dispute is resolved.