I'm a little unsure how to proceed, just invest & make money off the B/s growth of the new secured lending product, and improved SP for the next 30 months.
Or be more circumspect : does the management team have any Auto experience (secured lending), are they aware of the CCC, what's the lending entity, and there's no comment on collections. I know it's not the sexy part of online lending, but they're going to need a good collections partner. These aren't personal loans (PLs), they're hard assets, that need a collections department who know how to negotiate with people who's bills are stacking up, know Consumer collections policy - and how they're going to locate the asset & repossess. But like all IT companies, they don't appear to be worried about arrears or collections. The loss difference on getting the car back against it disappearing in to the ether, is approx $10-12k per vehicle, forget a 2% loss ratio...a few of those in your first 12 months will quickly blow up your provisions.
GLTAH but beware the sleeping giant of finance products (arrears & losses), anyone can sell at the front end, but it's the true bottom line that counts.
- Forums
- ASX - By Stock
- WZR
- Ann: Wisr Launches Secured Vehicle Lending Product
Ann: Wisr Launches Secured Vehicle Lending Product, page-7
-
- There are more pages in this discussion • 22 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WZR (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $38.44M |
Open | High | Low | Value | Volume |
2.8¢ | 2.9¢ | 2.8¢ | $2.692K | 95.78K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 416981 | 2.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.0¢ | 2454149 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 166981 | 0.028 |
2 | 275642 | 0.027 |
1 | 100000 | 0.026 |
2 | 113413 | 0.025 |
2 | 140000 | 0.024 |
Price($) | Vol. | No. |
---|---|---|
0.030 | 2454149 | 4 |
0.031 | 300000 | 1 |
0.033 | 63253 | 2 |
0.034 | 267613 | 2 |
0.035 | 53257 | 1 |
Last trade - 15.43pm 06/09/2024 (20 minute delay) ? |
Featured News
WZR (ASX) Chart |