WZR 7.89% 4.1¢ wisr limited

WZR Charts, page-3157

  1. 3,693 Posts.
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    It's a good thing that the charts explain the economics of the Wisr lending business.
    "Gravestone Doji" means that if you didn't pay back your personal loan within the last week, the Wisr boys will send out an expert in the not-so-delicate Japanese art of debt recovery (Doji) and get the money by whatever means necessary.
    This is not good news for shareholders. Doji exponents (usually recently retired Sumo wrestlers) don' t come cheap - they are organised along the lines of the Japanese Yakuza, who want their 75% cut up front, and this is before counting the cost of feeding the Doji who generally refuse to execute their duties on an empty stomach.
    Judging by the volume that went through today, it's clear that there are many borrowers living in dread of the Doji midnight doorknock. It's possible that the company, whilst possibly being able to withstand the expected drain on short term cashflows, may now not have the funds required to expand its loan book, as previously expected.
    This will mean a very long wait (even up to a whole week) before the company recovers, testing the patience of even the most loyal long-term shareholders, who, with 2020 vision, now realise that term deposits were always the better option for their money.
 
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Last
4.1¢
Change
0.003(7.89%)
Mkt cap ! $56.23M
Open High Low Value Volume
3.8¢ 4.1¢ 3.8¢ $19.48K 504.3K

Buyers (Bids)

No. Vol. Price($)
1 50000 3.8¢
 

Sellers (Offers)

Price($) Vol. No.
4.2¢ 37110 3
View Market Depth
Last trade - 15.38pm 25/04/2024 (20 minute delay) ?
Last
3.9¢
  Change
0.003 ( 5.41 %)
Open High Low Volume
3.9¢ 4.0¢ 3.8¢ 171668
Last updated 15.35pm 25/04/2024 ?
WZR (ASX) Chart
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