I think the risks with the regulatory cases are:
1. Fines can be substantial. There's evidence fines can be $70m+ (BMW) and remediation programs are put in place to make whole all customers identified as affected.
2. May lead to a class action from customers.
3. Solvar runs into covenants breaches with the fine and also finds it even harder to secure wholesale funding (note; they already forecast funding partners will drop from 5 to 3 in 2H).
4. They have to modify their model away from lending to those on social welfare......and earnings drop.
Unlikely to be this bad but if regulators see this as a predatory lending company, they'll be trying to take it down.
I was close to pulling the trigger a while ago and decided the risks were too great and needed further time/ information to come out.
- Forums
- ASX - By Stock
- SVR
- Ann: New Zealand Commerce Commission
Ann: New Zealand Commerce Commission, page-16
-
- There are more pages in this discussion • 22 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SVR (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.18 |
Change
-0.020(1.67%) |
Mkt cap ! $244.8M |
Open | High | Low | Value | Volume |
$1.19 | $1.20 | $1.17 | $307.9K | 260.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2428 | $1.18 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.19 | 2430 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 822 | 1.170 |
1 | 20000 | 1.160 |
2 | 17158 | 1.155 |
1 | 1000 | 1.150 |
1 | 1000 | 1.130 |
Price($) | Vol. | No. |
---|---|---|
1.195 | 25983 | 2 |
1.200 | 1851 | 1 |
1.220 | 20606 | 1 |
1.260 | 4808 | 1 |
1.285 | 500 | 1 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
Featured News
SVR (ASX) Chart |