The differentiating feature of this stock was that it was the only P2P lender with a retail licence.
But they have alienated investors with their caps on interest rates. If this dies (already in a coma) and they use wholesale funds PLT is just another broker.
This was a fleecing type IPO (clue - Bell Potter) rather than rewarding investors like APT did. Min 15% load
Infrastructure for retail deposits - 50%
loss of goodwill with investors -20%
my target price 65% of 1.66 = 0.58
my opinion, not financial advice, bla, bla, bla
IPO - Plenti Group Limited, page-198
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Last
70.5¢ |
Change
-0.005(0.70%) |
Mkt cap ! $123.6M | |||
| Open | High | Low | Value | Volume |
| 70.5¢ | 71.0¢ | 69.0¢ | $35.44K | 50.49K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8999 | 70.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 72.0¢ | 16717 | 2 |
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| Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
| PLT (ASX) Chart |