It's not recurring that's the truth
Loan income on short term lending products is not recurring revenue I'll say it till the cows come home
They have $12m loan book at 21% yield
$630,000 quarter of the income is loan income
Take out the $500k one off last Q and they have circa $200k in recurring rev a Q that's it
And the $2.5m in loan income is costing them $1.2m in costs
It's not recurring that's the truth Loan income on...
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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| Last updated 12.34pm 03/05/2024 ? | |||||
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