MME 0.00% 11.0¢ moneyme limited

Feels like these guys are ghosting shareholders:NIM of 11% is...

  1. 361 Posts.
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    Feels like these guys are ghosting shareholders:

    NIM of 11% is down on 13% then 12% previously quoted (and much less then the 14% previously cited by Brokers as a key attribute of the MME investment case).

    Warehouse financing being extended in a series of short term extensions and saying that is "as planned". Well that's news to me, they were previously heralding 3 year deals, now they are saying less than 12 month rollover with no detail is a plan - really, pull the other one.

    The announcement is not bad, and in some parts are actually encouraging.

    I wish they stop with spivy sh**t and report more transparently as opposed to making out every measure is hunky dory, or changing the measure altogether.


 
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