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75.5¢ plenti group limited

IPO - Plenti Group Limited, page-284

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Bakami

21 Posts.

5

28/09/20

11:53

Post #: 47674259
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Originally posted by Tarvold: ↑

The monthly market is not that dissimilar to how a ponzi scheme works, existing monthly investors are paid out (mostly with the exception of the 1/36 loan repayments)by new investors coming into the market.
If what happens in Mar/Apr happens again there will be fewer & possibly no new lenders to repay existing lenders. Lenders were only saved by the massive government intervention in the economy which is about to start to unwind.
The only reason they currently have a strong monthly lending market is because of the rate which is misrepresentating what the product actually is to the uneducated.
If you don't understand the risk why wouldn't you take a rate 6 times that offered by your bank?

I'm not sure if it's happened to you but a number of my 5 year loans have had significant early repayments, with the capped lending rates that will only continue if existing borrowers can refinance.

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I am getting constant early repayments. Shows the low returns plenti is achieving. Plenti is also trying to get a cut from the refinancing/early exit market. As they make the market and set the price it really is a case of screwing their investors.

anyway, I withdrew another 3000 today. My money will go to where it is treated best

PLT Price at posting: $1.32 Sentiment: None Disclosure: Not Held
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(20min delay)
Last 75.5¢		Change -0.025(3.21%)		Mkt cap ! $132.3M

Open	High	Low	Value	Volume
77.0¢	77.0¢	75.5¢	$743	982

Buyers (Bids)

No.	Vol.	Price($)
1	21507	70.5¢

Sellers (Offers)

Price($)	Vol.	No.
75.5¢	67	1

View Market Depth

No.	Vol.	Price($)
1	21507	0.705
1	18316	0.700
1	1500	0.660
1	4370	0.655
2	4500	0.650

Price($)	Vol.	No.
0.755	67	1
0.770	15000	1
0.780	11034	2
0.785	2816	1
0.790	2264	1

Last trade - 12.52pm 30/09/2024 (20 minute delay)

PLT (ASX) Chart