Slow & steady progress and good to see that they maintained that NIM with a higher loan book and RBA interest rate cuts.
All the metrics seem to be going in the right direction with a real balancing act between lower NIM and investment needed to grow their loan book with good quality credit.......the market will have to accept statutory losses until that loan book stabilises at which point we see the real picture
the one concern would be that Operational cash profit for FY25 is expected to be ~20m (compared to ~15m in 1H25) so I suspect that either the lower rates are having an impact and/or they are having to invest to shore up their platform and the larger loan book (although they should have economies of scale on operating expenses)
MME Price at posting:
13.5¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)