JD2. The loan term doesn't really matter imo. DM1 sell the loans after 30+ days. Assuming they are sold quickly, then the only revenue sought from a sold loan package is via admin and man agent of those loans. I would like to know if DM1 are making a margin when the seller the loan book. Packaged debt is less risky than individual debt (think clo/cdo) so there should be a margin there too. It doesn't look like they are but they should be.
In regards to broker channels, who goes to a broker for a $5-$35k loan? I'd be interesting to see how many loans have come from brokers and whether DM1 has been integrated into broker aggregation platforms or whether it's a separate portal that has to be accessed by the broker.
Besides for the resale value/viability, the credit worthiness of a borrower is of little concern to DM1 as long as there is appetite from funds to buy this debt. How much is being sold to instos/superfunds/funds in comparison to its own direct money fund? Who owns the direct money fund? Does the direct money fund then on sell taking advantage of the margin difference between a single loan and a packaged loan? It seems DM1 doesn't.
- Forums
- ASX - By Stock
- Ann: DM1 Investor Presentation - November 2015
JD2. The loan term doesn't really matter imo. DM1 sell the loans...
Featured News
Add WZR (ASX) to my watchlist
(20min delay)
|
|||||
Last
3.2¢ |
Change
-0.001(3.03%) |
Mkt cap ! $43.93M |
Open | High | Low | Value | Volume |
3.2¢ | 3.2¢ | 3.1¢ | $55.50K | 1.787M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 649944 | 3.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.2¢ | 618732 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 649944 | 0.031 |
5 | 1467700 | 0.030 |
2 | 789655 | 0.029 |
2 | 47000 | 0.027 |
1 | 8000 | 0.026 |
Price($) | Vol. | No. |
---|---|---|
0.032 | 618732 | 2 |
0.033 | 1087535 | 5 |
0.034 | 124216 | 2 |
0.035 | 407062 | 6 |
0.036 | 60460 | 4 |
Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
Featured News
WZR (ASX) Chart |