My expectations pre-announcement:- They may accelerate...

My expectations pre-announcement:

- They may accelerate originations, now that the Autopay facility was improved/expanded.
- Continuing the trend towards higher credit quality customers.


Then the announcement showed:

- Revenue, originations, loan book, NIM - all flat.
- Trending towards higher credit quality customers.


There were no big surprises - so a fine announcement. Just no acceleration in originations.

Quarterlies don't include NPAT, so no clues there.


Can't complain, so I'm just waiting on the HY to hopefully show another half of profit, and for the increased equity to end up somewhere (I'd like to see the corporate debt fall, but the equity may be needed for expansion of originations).