Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-2

I am convinced that the market still doesn't understand what these guys are doing and what the end game looks like.

Revenue stream levers a-plenty:



As case-in-point, take just the last paragraph:  

Assuming they can clip a very modest 2% Net Interest Margin for providing that kind of financing service (sure, it will require capital to do so), for every mere 1% of the $16bn of TAM they can access, would equate to around $3m in Gross Profit, of which most would drop through to the Pre-Tax Profit line.

So if they manage to jag a mere 5% share of that addressable market, then we are talking about something like $15m in incremental Operating Profits.

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