The Plenti Group share price has slumped 64% so far this year as the online auto & personal lending business has been buffeted by a re-rating of tech stocks, higher interest rates & the threat of increasing bad debts in a slowing economy as those interest rates start to bite.
The risks are very real. Yet, the company is growing like gangbusters as it & other challenger lenders take market share from the less nimble big four banks. It's loan portfolio at 30th June 2022 was $1.44 billion, up 90% from the prior year, with ambitions to grow it to $5 billion in 2025.
https://stocklight.com/stocks/au/financials/asx-plt/plenti-group
https://www.marketindex.com.au/asx/plt
Ann: 1H23 half year results, page-5
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Last
72.0¢ |
Change
-0.030(4.00%) |
Mkt cap ! $126.2M | |||
| Open | High | Low | Value | Volume |
| 75.0¢ | 76.0¢ | 72.0¢ | $12.74K | 16.94K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 71.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 75.0¢ | 8601 | 1 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| PLT (ASX) Chart |