It's still a high rate, though as the presentation mentioned - transitioning from high growth to medium growth (which means we should finally see some positive NPAT numbers - less downward skew due to accounting rules).
Market cap down to $176m.
Revenue up to >$200m.
Less pricey than people may have thought previously, when it was more like $400m market cap, $100m revenue - 4x revenue. Now <1x revenue.
Also interesting, revenue $55m (quarter), gross receivables $1.3b at the mid-point of the quarter. That suggests 16.9% average charged interest rate. Compared to 3% net losses (is that 3% annualised?). Also has to cover funding costs, variable costs, fixed costs.
No obvious COVID/inflation issues for the company yet. Only a pull-back in personal lending volumes.
Ann: 4Q22 Trading Update Record Revenue And Secured Asset Scale, page-10
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