I kind of agree. The operating costs are too high. Common across many Ausie FIntech's. Not enough effort in developing proper tech or leveraging exisiting one. Acquisition/marketing costs also sky high. Got to find smarter ways to originate (partnerships, embedded finance). I think this looks more like an acquisition target for a more efficient business to take over their loan book. With that in mind though, it is priced at 1 year of NIM, so I still think that there is some value sub $0.03.
Add to My Watchlist
What is My Watchlist?
