"10% growth target on $1.2B would be $120m new loans. That’s on top of writing new loans to replace the fairly fast run-off of existing assets. The 1/8 update showed that in FY24 MME originated $575m of new loans, but the net rise in loans was only $70m."
Whilst you are correct, the loan book only grew by $70m on $575m of originations in FY24, it's also worth noting that the loan book grew by $70m on $165m of originations in 4Q24. That indicates to me that a lot of the shorter term loans have already run-off the book. If we can continue that growth rate of the loan book it should grow by >20% rather than 10%, which I think is achievable.
Ann: 4Q24 Trading Update - Growth and strong loan performance, page-121
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11.5¢ |
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Mkt cap ! $92.00M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.5¢ | 10.8¢ | $44.67K | 405.2K |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 44700 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 296357 | 1 |
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| MME (ASX) Chart |