Appreciate what's happened in the US and not having a dig at all but keen to understand where the 10% default rate came from on car loans?
If the assumption of a 10% default rate on car loans is right, that doesn't necessarily mean 10% of the book is entirely written off unless you have some insight on LGD? Recovery and sale of the asset obviously carries a cost but hard to imagine a scenario where there is $0 recovered from all secured loans that default.
DYOR and GLTAH
Ann: 2Q23 Trading Update - MONEYME delivers statutory profit, page-39
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Last
6.4¢ |
Change
-0.009(12.3%) |
Mkt cap ! $52.00M | |||
| Open | High | Low | Value | Volume |
| 7.0¢ | 7.0¢ | 6.4¢ | $9.751K | 151.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 155333 | 6.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.9¢ | 30000 | 1 |
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| Last trade - 14.28pm 06/06/2024 (20 minute delay) ? |
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Last
6.5¢ |
Change
-0.009 ( 9.72 %) |
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| Open | High | Low | Volume | ||
| 6.5¢ | 6.5¢ | 6.5¢ | 56529 | ||
| Last updated 14.21pm 06/06/2024 ? | |||||
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