Not sure why they're saying MME is the more risky one. MME have also shown that they're increasing the average credit score of the customers.
MME: 718 Equifax
Plenti: 831 Equifax
Wisr: 765 Equifax
Wisr NIM 5%
Plenti NIM 5.2%
MME NIM 13%
Summary:
MME 718 Equifax, 13% NIM
Wisr 765 Equifax, 5% NIM
Plenti 831 Equifax, 5.2% NIM
So MME has the lower average credit score, as the news article says. But MME seems to have a far stronger NIM, which can be used to offset some bad debts, could it not?
From the below quote, statutory profit was $9m for the half. That comes out to about 1.5% PA on the $1.2m loan book. So I guess they have the 13% NIM, and then after removing business expenses and recent levels of bad debts, it falls to 1.5% remaining? So the 1.5% is the leeway, for increases in bad debts (might improve a bit to 2.0% after the PEP interest reduction starts having an impact).
Plenti by comparison seems to have 0.25-1% leeway (depends on how I interpret the article quote). Less than MME. So is Plenti really lower risk? Higher credit scores, but less leeway with margins.
- Forums
- ASX - By Stock
- Any chance of future dividends?
Not sure why they're saying MME is the more risky one. MME have...
-
- There are more pages in this discussion • 40 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 MME (ASX) to my watchlist
(20min delay)
|
|||||
Last
6.5¢ |
Change
-0.008(11.0%) |
Mkt cap ! $58.40M |
Open | High | Low | Value | Volume |
7.0¢ | 7.0¢ | 6.5¢ | $494 | 7.55K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 89683 | 6.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.9¢ | 5492 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 75000 | 0.065 |
1 | 72000 | 0.064 |
2 | 85000 | 0.062 |
1 | 91098 | 0.061 |
2 | 341090 | 0.060 |
Price($) | Vol. | No. |
---|---|---|
0.069 | 5492 | 1 |
0.070 | 39315 | 2 |
0.071 | 1954 | 1 |
0.072 | 6251 | 1 |
0.073 | 94530 | 2 |
Last trade - 13.05pm 06/06/2024 (20 minute delay) ? |
Featured News
MME (ASX) Chart |