Agreed. Pre-COVID they had 31% growth over prior year. Uninterrupted that would give them a near $Billion book in 3 years. The loan market is huge and the small/medium business sector very poorly serviced by traditional banks so there are no market constraints to PGL’s growth.
As we come of out COVID and business re-start and new businesses emerge I expect PGL’s growth will actually accelerate simply because their model will be more responsive to the target market.
PGL are a breath of fresh air to any growing, profitable business that has previously had their growth hamstrung by the traditional banks.
Opinion only. DYOR.
PGL Price at posting:
90.0¢ Sentiment: Buy Disclosure: Held
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