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3.57%

2.7¢ wisr limited

Ann: Wisr ASX Quarterly Loan Growth January 2021, page-136

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okcomputer

6 Posts.

22/02/21

17:23

Post #: 51223014
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Originally posted by McKhenry: ↑

I work with them in finance and are an active user of their products, so I am in weekly contact with differing aspects of the company.

They have recently cut their rates by 1.5% so they have effectively reduced margins (for the right clientele) putting them at the tip of the spear so to speak.

I expect they might have a plan to start balance sheet funding their loans in the not too distant future either,or adding another dedicated product.

Either way I have added to my position this week, it is not often if ever I can recall them missing their origination targets and when you consider the above is near a 20% discount it will definitely put them on the radar.

Margins will shrink, but growth will and has exploded.

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Wouldn't loan revenue growth be a bigger focus at the moment, rather than origination increase? Or not?

WZR Price at posting: 20.0¢ Sentiment: None Disclosure: Not Held
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