Australia's largest stock trading and investment forum Australia's #1 stock forum

WZR

Click for more information

3.85%

2.7¢ wisr limited

Massive opportunity cost, page-277

First 277 Last

Share
Profile

Follow
Samajha

6 Posts.

28/04/23

09:14

Post #: 67495701
Share

Originally posted by McKhenry: ↑

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.

Expand

That's actually not true. Their website has options for debt consolidation, vehicle, medical, home reno, EV upgrade and 'something else' which (copy and pasted from their website) includes "Debt consolidation, Car, Legal fees, Tax debt, Gap finance, Just about anything, really".

WZR Price at posting: 4.2¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

Consumer Staples Shine Amid Retail Slump – Key Stocks to Watch

CCO

The Calmer Co’s Anthony Noble reflects on record breaking FY24

Week 35 Wrap: HotCopper’s top watched; ‘iron ore winter’ has started; Oz inflation @ 3.5% MoM; Harris fracking flip

HLX

Helix investor makes partial takeover bid, proposing board changes

TBN

Tamboran kicks off Shenandoah South pilot project with SS-2H well spud

There are more pages in this discussion • 2 more messages in this thread...

First 277 Last

Add WZR (ASX) to my watchlist

(20min delay)
Last 2.7¢		Change 0.001(3.85%)		Mkt cap ! $37.07M

Open	High	Low	Value	Volume
2.7¢	2.7¢	2.6¢	$5.614K	211.1K

Buyers (Bids)

No.	Vol.	Price($)
2	250000	2.7¢

Sellers (Offers)

Price($)	Vol.	No.
2.9¢	119505	1

View Market Depth

No.	Vol.	Price($)
2	250000	0.027
1	113894	0.026
1	13413	0.025
2	140000	0.024
1	43478	0.023

Price($)	Vol.	No.
0.029	119505	1
0.030	2738780	6
0.032	649830	2
0.033	63253	2
0.034	267613	2

Last trade - 14.23pm 30/08/2024 (20 minute delay)

WZR (ASX) Chart

SPONSORED BY