Yes I do - been in discussions with friends in the industry about mny, wzr and the like in recent times. Which lead me to buying in to mny @$2.60 - oh well.
The higher interest rates that mny charge will self-insure them to a degree, but a recession may impact these niche lenders moreso than others.
Having said this, I like money3's rhetoric around building a relationship with their customer base. Customers may be more likely to pay their debts in the hard times if they feel like mny have their best interests at heart.
~1.60 seems like a massive overcorrection given the health of the company. And despite the concerns re casuals, I'll be topping up my holding.
At what price does MNY become irresistible?, page-10
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Last
$1.29 |
Change
-0.025(1.90%) |
Mkt cap ! $268.8M | |||
| Open | High | Low | Value | Volume |
| $1.31 | $1.32 | $1.28 | $224.1K | 173.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2138 | $1.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.29 | 12121 | 1 |
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| SVR (ASX) Chart |