MME 1.59% 6.4¢ moneyme limited

Ann: 1Q24 Trading Update - Strong Revenue and Lower Losses, page-17

  1. 284 Posts.
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    So running some maths on this one.

    • A relatively steady loan book of ~$1.1B at a net interest margin of 11%
    • Net interest is therefore ~$121M PA
    • Loan losses of ~4.9% of book,, equating to ~$54M (almost half net interest)
    • Minus other expenses assuming previous years numbers
    • Marketing $8M
    • Development $8M
    • Depreciation $11M
    • Commissions ~$6M
    • Admin ~$35M (maybe this comes down)

    I am left with a negative profit before tax????
 
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