Yup I agree its a strange one
Didn't we do $10m Profit for FY22 on $150m in revenue?
If we do $200m revenue for FY23 and take the $10m profit from this year + say $15m in synergies which they said would be partially doen by 31st Dec 2022 then the remainder of the uplift can come from the +$50m in revenue we achieve
Its a far cry from the $1B unsolicited proposal in December 2020 but it will be interesting whether they can pull the trigger to launch MME overseas or at least launch Autopay (Asset backed securities) in say UK and or US and work directly with dealers and brokers. You would be mad to launch BNPL or some of the other debt consolidation product in a new market at the moment given the credit risk
Ann: 4Q22 Trading Update Record Revenue And Secured Asset Scale, page-15
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