PGL prospa group limited.

Selling 15,000 shares @ $0.27? Hummm, someone is pushing this SP...

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    Selling 15,000 shares @ $0.27? Hummm, someone is pushing this SP down. Wonder why... It is quite shocking to see a lender with a $780mio book at 27% NIM and 12.7% credit provisions be worth $44mio... Even with say 5% brokerage costs, the net NIM would be something like 10%. Don't know what the adequate multiple is but that values the company at about 50% of annual net NIM... It's definitely not priced in as a sustainable business... Updated my sentiment to Buy until I figure out what I am missing...
 
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Currently unlisted public company.

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