If they loan $50M over 12 month period and average loan is 4 weeks, then its clipped 12 times over a 12 month period.. thats $30M in profit.
Minus bad debts of 3% = -$1.5M - seems profitable to me....
Grow rates are through the roof - at current market cap, i think this is a cheap stock.
Ann: B4P Commences Trading on ASX and Provides Operating Update, page-6
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Last
90.5¢ |
Change
-0.030(3.21%) |
Mkt cap ! $45.28M | |||
| Open | High | Low | Value | Volume |
| 93.5¢ | 94.0¢ | 90.5¢ | $35.88K | 38.63K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3491 | 90.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 94.0¢ | 1815 | 2 |
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| Last trade - 12.43pm 01/10/2024 (20 minute delay) ? |
| B4P (ASX) Chart |