My understanding was they tranche and sell blocks of their loan book to larger banks, packaging it up like a bond to a degree. Their funding rates would most likely be tied to their loan terms, 3 years at least you would think, maybe 5, they have been fairly on the front foot with increasing rates as well, so I am not sure if that would be material, probably more the provision for default would be the financial drag.
Unfortunately I know they have cleared out some staff of late, so they feel the need to cut costs and would dare say they will look to broker channel to leverage growth. I am not expecting anything that will help the share price until later in the year and think we will stay around here for a while yet. Hopefully they can show a small yearly profit for EOFY23.
They have also cut their lending criteria from 'any worthwhile purpose' to consolidation, cars and caravans, so that will make them a lot less dynamic, seems they are crawling into their shells.
- Forums
- ASX - By Stock
- WZR
- Massive opportunity cost
Massive opportunity cost, page-274
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WZR (ASX) to my watchlist
|
|||||
Last
3.2¢ |
Change
0.001(3.23%) |
Mkt cap ! $43.93M |
Open | High | Low | Value | Volume |
3.1¢ | 3.2¢ | 3.1¢ | $4.112K | 129.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 278731 | 3.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.2¢ | 82261 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 278731 | 0.031 |
4 | 517710 | 0.030 |
4 | 751724 | 0.029 |
5 | 2115019 | 0.028 |
1 | 100000 | 0.027 |
Price($) | Vol. | No. |
---|---|---|
0.032 | 82261 | 1 |
0.034 | 267613 | 2 |
0.035 | 684639 | 5 |
0.036 | 345386 | 2 |
0.037 | 300000 | 1 |
Last trade - 14.23pm 26/07/2024 (20 minute delay) ? |
Featured News
WZR (ASX) Chart |