okay - I’ll take you literally and not get salty like book...

okay - I’ll take you literally and not get salty like book keeper….

List of facts (just for you)
- reduced cash burn (even more reduced than 2H22)
- US financing growth rebounding substantially (the 11% last quarter worried me)
- US financing growth is critical for the company’s chances at snagging a warehouse which would dramatically reduce costs of funds and enhance ROE on the loan book.
- AU financing continuing to recover to pre-covid levels
- financing growth is very good to see as the revenues are delayed and the growth in the FY22 volume will begin to show up in 1HFY23 (which will be a good result I bet)
- US payments continue to grow at c40% (with higher margins than FY22)
- US payments need to clear 1.5bn asap to try and gain more traction with sponsor banks and further increase that revenue yield into the 90bps range (same growth pathway as Affinipay)
- BNPL product ditched which is pleasing given it’ll just redirect human and financial resources to the core products.

hope that can keep you and the gimp squad happy for another day keeping that bench warm