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75.5¢ plenti group limited

IPO - Plenti Group Limited, page-304

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cryptoking

815 Posts.

330

01/10/20

08:42

Post #: 47761684
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Originally posted by Bakami: ↑

P2p is a disruptive technology but maybe doesn't work under corporate management. Lenders want more than they get at a bank and probably would take a higher risk for suitable return. Borrowers obviously want lower rates. A market probably exists, but not with enough overlap for the corporate management to also extract a margin, and certainly not "growth in margin" they always need.

Plenti tried to grow margin by screwing lenders. But money can walk. They paid the fee for being approved for retail investors, but didn't really have product terms that suit these investors at the rates offered.

I don't think a listed company is a suitable vehicle for a p2p platform

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i tend to agree. hence my view they wont be a p2p much longer, but will copy wzr and totally pivot away from saying they are a p2p platform. which will be good for us shareholders in the "corporate mgmnt" trying to extract more margin for us....

ultimately nothing in life is perfect. if plenti can just keep doing what its doing, and growing, then its heading towards a $500M+ company and we can all go along for that ride..

PLT Price at posting: $1.25 Sentiment: Buy Disclosure: Held
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Last 75.5¢		Change -0.025(3.21%)		Mkt cap ! $132.3M

Open	High	Low	Value	Volume
77.0¢	77.0¢	75.5¢	$743	982

Buyers (Bids)

No.	Vol.	Price($)
1	21507	70.5¢

Sellers (Offers)

Price($)	Vol.	No.
75.5¢	67	1

View Market Depth

No.	Vol.	Price($)
1	21507	0.705
1	18316	0.700
1	1500	0.660
1	4370	0.655
2	4500	0.650

Price($)	Vol.	No.
0.755	67	1
0.770	15000	1
0.780	11034	2
0.785	2816	1
0.790	2264	1

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