LOTS of positives here. Sleeping giant about to awaken.IMHO.
* Currently $16m market cap with approx $14m in retained earnings. * $3.1m turn around in 12 months under new management and structural loan book changes. * Less than 1% loan default rate. * Controlled cost base with room for expansion. * Solid margin due the ability to access deposits directly and not rely on bankers. * Return to profitability after reverse merger and associated costs. * AFSL attained and expansion to begin in Australia. SME non bank loans growing market place. * New loan approval tech to be rolled out imminently.
DYOR but I think the access to capital in FY 2020 will see significant growth in the loan book and consequently profitability and SP.
FEI Price at posting:
8.2¢ Sentiment: Buy Disclosure: Held