Ann: Leading Online Education Player Joins ZML Platform-ZML.AX, page-6

Bubby,

I'd love to understand why you think its so cheap, considering this business ( and AFY) are just consumer finance loan book plays?

I see it as ridiculously expensive, considering at some point they will have to raise more equity to grow their book further and further.

Considering FlexiGroup is $900m, has a $1bn book and is trading at 7-8 PE... and ZML and AFY are ridiculously overpriced... they are essentially going after that Pie and are both about 1/100th of the way.