I actually hope this goes under 1.40 tomorrow so I can continue to load up. Always nice to get a bargain!
ASIC successfully clamped down on excessive/unlawful fees & charges and scared most of the dodgy players out of business a few years back. As clearly stated in the article the next objective is stamping out the practice of payday lenders allowing their customers to enter a recurring PDL debt cycle which Money3 already has policies in place to prevent.
The HY financials tell the full story 63% of income is from 7% of the loans (secured car loans). If the changes are super harsh which I seriously doubt, they will just exit the PDL market sector and pour their resources into more secured vehicle financing which would probably be a positive thing.
Always DYOR and don't listen to my jargon.
New Highs, page-82
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Last
$1.32 |
Change
0.020(1.54%) |
Mkt cap ! $275.0M | |||
| Open | High | Low | Value | Volume |
| $1.30 | $1.33 | $1.30 | $189.2K | 143.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 800 | $1.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.33 | 26607 | 1 |
View Market Depth
| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| SVR (ASX) Chart |