You can see from the Datium chart that MNY customers who bought within the last year may be underwater on thier purchase, but considering the 3 year terms of loans and the fairly rapid amortisation, plus establishment fee, I think it would be hard for MNY to take a bath on the collateral in the event of repossession. However, the CEO also made a good point that if a customer has a used car that declines a few thousand in value, that won't influence repayments, obviously that makes sense. The value of the collateral is a consideration though, and if say prices fell back meaningfully to near pre convid levels in some kind of bust, that would be a bit of a worry if it coincided with lots of fresh loans and unemployment spikes.
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Last
96.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $203.8M |
Open | High | Low | Value | Volume |
96.0¢ | 98.0¢ | 96.0¢ | $100.7K | 104.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 3169 | 96.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
99.0¢ | 34845 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 3169 | 0.965 |
1 | 6871 | 0.960 |
1 | 1047 | 0.955 |
1 | 25000 | 0.950 |
5 | 20728 | 0.945 |
Price($) | Vol. | No. |
---|---|---|
0.990 | 34845 | 2 |
0.995 | 9270 | 1 |
1.000 | 26136 | 2 |
1.010 | 1010 | 1 |
1.015 | 500 | 1 |
Last trade - 16.10pm 29/05/2024 (20 minute delay) ? |
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Last
98.0¢ |
  |
Change
0.000 ( 2.01 %) |
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Open | High | Low | Volume | ||
96.0¢ | 98.0¢ | 96.0¢ | 15840 | ||
Last updated 15.59pm 29/05/2024 ? |
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