MME 4.35% 11.0¢ moneyme limited

Ann: Q4 FY21 Trading Update - MoneyMe Accelerates, page-30

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  1. 817 Posts.
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    https://hotcopper.com.au/data/attachments/3450/3450573-06a0b7ac51b2550a1946cd784c24262e.jpg
    Did anyone see latitudes purchase of smyle today?

    Business did $41m in loan origins in FY21 and $5.4m in revenue and yet the business sold today for $200m sale price! Whaaaat?

    To put in context we did $161m in loan origins in Q4 alone and $19m in revenue

    annual run rates of $644 and $76m in revenue

    I just don’t think MME is widely known yet by the market & the lack of liquidity (strong holdings by its owners) scares people off

    thoughts?

 
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