Ann: Plenti loan portfolio grows to $1.44 billion, page-5

I don't Hold PLT but i had a look at some high level numbers yesterday and compared to MME which I do hold:

• PLT Market Cap $134m vs MME $164m
• PLT 1st half FY23 - Broadly stable loan originations fcast vs MME going from high growth to moderate growth
• PLT Revenue goal in FY23 of $120m vs MME $200m+ (45% growth YOY)
• PLT Cash NPAT for FY22 of $0.5m vs MME $17m for FY22
• PLT reduction of cost to income below 40% with aim of below 35% in FY23 vs MME 35% in 1HFY22 and 26% in H2 FY22

Both stocks have fallen a long way and both focused on growing auto loans which is a good segment