16% up yesterday and no comments?, page-3

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leslieoo

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26/08/20

12:52

Post #: 46831120
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Originally posted by Broote1975: ↑

It moved upwards on very little volume, therefore not worth discussing.

Do you honestly think the Government SME guarantee scheme is that much of a positive?

Remember, the guarantee only covers 50% of the loan amount in the event of a loss... that means Prospa wears the other 50%. Do you really want that happening? Of course not. You'd rather not write the loan in the first instance.

Thus the scheme means nothing.

Lending demand has dried up, and coupled with big chunks of PGL's loan book in arrears/default due to exposure to Covid-affected industries = share price at near record lows.

Share price would need to go up almost 500% from here just for many investors to get their money back. Plenty of other opportunities in the market over the coming year.

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Maybe it is going to enter "Buy now and pay later" sector.

PGL Price at posting: 91.5¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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16% up yesterday and no comments?, page-3

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