Latitude, the biggest consumer lender challenger in Australia, according to docs lodged by them leading up to potential IPO were posting $300m-$400m PROFIT per annum, and valued somewhere between $2B and $3B?
can Plenti build a company half as good as that? and get to $1B value on $100M profit.. i think so. (and so can WZR, and probably MME also)
not sure what world you live in where lending doesnt make money... in fact, it our BIG4, combined market cap of say $300B, make most of their money as lenders....
but you do you, and i'll invest according to what i see. its the glory of a free world.
lets see where these companies are in 2 years from now..
IPO - Plenti Group Limited, page-216
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