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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Last
3.5¢ |
Change
-0.001(2.78%) |
Mkt cap ! $48.05M |
Open | High | Low | Value | Volume |
3.5¢ | 3.6¢ | 3.5¢ | $15.94K | 454.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 75000 | 3.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.7¢ | 190087 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 75000 | 0.035 |
2 | 310000 | 0.034 |
2 | 403030 | 0.033 |
2 | 300000 | 0.032 |
3 | 428000 | 0.031 |
Price($) | Vol. | No. |
---|---|---|
0.037 | 190087 | 4 |
0.038 | 216622 | 5 |
0.039 | 136621 | 2 |
0.040 | 1252171 | 9 |
0.041 | 224562 | 2 |
Last trade - 16.10pm 10/06/2024 (20 minute delay) ? |
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Last
3.6¢ |
  |
Change
-0.001 ( 0.00 %) |
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Open | High | Low | Volume | ||
3.6¢ | 3.6¢ | 3.5¢ | 373131 | ||
Last updated 15.35pm 10/06/2024 ? |
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WZR (ASX) Chart |