There was a bit of a spike on Monday potentially on the basis of the original Street Talk article which mentioned the upcoming sale. It was only minor though, and the market was up strongly.
The article mentions Nimble had a loan book of 40m at June 30, and made revenues of 56m plus 4m profit. Apparently earnings are expected to be higher in FY18 at 15m, although I assume this is EBITDA? At 100m that's an EBITDA multiple of 6.66 times which seems on the high side. (MNY, although mostly car loans, trades closer to 5 times on the ASX.) The article also mentions that a lot of investment went into the brand to drive that growth, which is a little concerning as the current numbers might not be truly reflective of the business if it is pumped up by a high advertising spend.
We might see an announcement on the purchase in the next few days.
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