Just looking through Prospa Investor presentation and it makes MME look very very good
Prospa Full year growth in Originations of only 8% to $484m Revenue of $118m down from $142m in FY20 (MME $58m) Q4 Originations of $183m EBIT - $300k for the year vs -$15.8m loss in prior year
Money Me Originations of $384m for FY21, up 115% on pcp ($179m, FY20) Revenue of $58m for FY21, up 21% on pcp ($48m, FY20) Q4 Originations of $161m up 391% on PCP EBIT - TBA next week but at last recollection it was $1m per month & growing strongly re Autopay and reduction in finance costs
MME Price at posting:
$2.11 Sentiment: Buy Disclosure: Held
