Good result. Shame about the divy.
I listened to the call and they said with the increase in volumes of lending required they need the cash to fund it. Hence the divy cut. They said they would review the payout ratio once they don't need the cash to fund growth.
They also mentioned the partnership with flight centre has been better than they expected.
There is some good growth opportunities in the pipeline with oxipay and fintech in Ireland.
Good luck. Dyor
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- Ann: Results Presentation 31 December 2016
Good result. Shame about the divy. I listened to the call and...
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