it could also be related to the fact that ANZ results points to a uptick in people in arrears on their loans albeit off a low base and historically not high by any means
perhaps there is uncertainty that new players like MoneyMe have not gone through a tough cycle and their systems are untested, but given we have had rising interest rates for the last 18 mths and they have not pointed to a change in the losses (just margins being impacted and note this is also a function of them targeting secured loans which will have a lower risk profile and you assume a lower interest margin), so perhaps there is some degree that they are managing that side of the business okay
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it could also be related to the fact that ANZ results points to...
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Open | High | Low | Value | Volume |
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1 | 25000 | 0.085 |
1 | 50000 | 0.083 |
1 | 150000 | 0.081 |
2 | 217500 | 0.080 |
Price($) | Vol. | No. |
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0.094 | 8000 | 1 |
0.095 | 61129 | 1 |
0.096 | 113636 | 1 |
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