They just need to keep doing exactly what they are doing IMO, and wait for the macro conditions to change - which they will at some point.
WZR are:
Well funded (both on their balance sheet, and also with their capacity to loan).
Loan originations continue to be strong - with their loan book now getting close to $1b.
Revenues growing strongly to $43m in the first half of this year (up 65% on PCP).
They are raising rates at the front end - to maintain a good nett interest margin.
The quality of their loans continues to be strong (nett loan write offs were 1.3%), and their 90+ day arrears are still low at around 1.07%.
The latest quaterly showed a cash flow positive amount of around $1,500,000.
First half also showed a much improved Cash EBTDA of minus $1.3m - and with the second quarter of the half being a positive Cash EBTDA of $0.5m.
Whilst conditions will get even worse for borrowers in the short term, personally I can't see the much higher interest rates lasting for too long - before the RBA has to start cutting rates again.
These are really interesting times for lenders like WZR, but they appear to be doing a great job of navigating the quick ramp up in interest rates & tougher credit conditions.
So I am backing them to come out the other side as a super strong business - and with a much higher market cap than around the current market cap of $82m.
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They just need to keep doing exactly what they are doing IMO,...
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Last
2.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $36.26M |
Open | High | Low | Value | Volume |
2.7¢ | 2.7¢ | 2.6¢ | $11.15K | 429.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 302532 | 2.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.7¢ | 667017 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 302532 | 0.026 |
18 | 2169471 | 0.025 |
3 | 2300000 | 0.024 |
1 | 40000 | 0.023 |
1 | 40000 | 0.021 |
Price($) | Vol. | No. |
---|---|---|
0.027 | 661017 | 6 |
0.028 | 852402 | 7 |
0.029 | 235819 | 4 |
0.030 | 1000773 | 7 |
0.031 | 645496 | 4 |
Last trade - 15.53pm 02/07/2025 (20 minute delay) ? |
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