Yep, just surfed the headlines but no bad news. It would be interesting to see how the NIM evolves as they transition the book. Generally credit losses are back ended in winding down the riskier loans so let’s watch this over the next few quarters. Book down but likely because riskier loans also come with higher velocity. New originations still look ok so better than Wisr on that front. Looks decent.
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| Last trade - 11.35am 07/07/2025 (20 minute delay) ? |
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