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44.5¢ prospa group limited.

Covid lockdowns may spell disaster for this stock, page-6

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marsman86

3,533 Posts.

890

05/07/21

11:43

Post #: 54283201
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Originally posted by marsman86: ↑

I disagree with the above - Prospa takes security of residential properties for lending over $150,000.00 or they may take security over machinery with high resale value. Mos tof their lending is done for new vehicles, yellow goods or other which they hold the title for..

These guys aren't going out of busiess... They business they lend to may and Prospa may be forced to sell property or machinery to recoup losses.

they manage over 2b in lending with a fair bit of that being asset backed, either property or otherwise... These guys will only continue to get bigger. 1.15 by end of year imho 1.45 if we're really lucky.

Also don't forget COVID is just the flu at the end of the day and just like Singapore which has basically said it's the flu and they're moving on with life, so will other countries shortly and the issues which you speak of will disolve in good time.

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1.15 by end of year... tick. 1.45 seeming more likely now.

PGL Price at posting: $1.17 Sentiment: Buy Disclosure: Held
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