SPX 0.00% 0.9¢ spenda limited

Ann: Spenda secures $50m debt warehouse facility, page-434

  1. 17,233 Posts.
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    Not a broker/ Not work for bank

    We have ~ $400m+ loan book inc application/ credit/ settlement and loan management services, 90% is completed by in-house software, 3 FT 1 casual

    I can only assume the DW has very stringent lending criteria for SPX to abide by given the borrower types, and gather they will have a floating charge over the loan book at a minimum

    His mannerisms irk me just an observation, 10% growth is not good, it's pathetic, the headcount wage is 300%+ on cash receipts, that's an issue that need to be addressed, 40+ nerd types operating a software payment processing system generating chicken feed seems excessive
 
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