My outlook for this holding is not very optimistic. The company badly timed a change in investor terms and conditions not long before floating, disaffecting existing investors by limiting the range of possible interest rate placements. Whilst lowering possible interest rates was good, admittedly, for borrowers; it was bloody awful for investors. I've been withdrawing my fund investments in the platform, and will sell these shares when/if the price gets closer to my original investment. I think the only real hope for this play is if Plenti gets taken over by a bigger player/bank and the fundamentals adjusted again.
PLT Price at posting:
$1.08 Sentiment: Buy Disclosure: Held
