Traditional lenders will need to change the way they do business...

Traditional lenders will need to change the way they do business or lose SMEs to agile lenders that can provide near instant answers and finance over a smartphone.

I don't doubt the market 9SP is trying to address but can't answer with any certainty whether they have the product that clients want, or even whether clients are flexible enough to change in response to this threat. Some walkaways might indicate not but on the other hand ongoing partnering through product development phase with VISA and signing with VMUK would indicate yes.

FY22 sales update fairly positive really and I don't think that the current price to sales ratio is too out of whack for where this is at.

IMO we've found a bottom at 1.5 and I recently bought some more at 1.8. I'm not losing any sleep over today's announcement