I think this would be correct if they were still funded primarily by retail investors, however with their warehouse facility they become more 'traditionally' funded. These facilities typically use tranches where PLT would need to put up capital to cover the first component of losses.
As has been reported, their key USP as a business is their diversification of funding sources. I like this as too much concentration in funding can create issues especially in volatile times.
I think this would be correct if they were still funded...
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Last
66.5¢ |
Change
0.015(2.31%) |
Mkt cap ! $116.1M | |||
| Open | High | Low | Value | Volume |
| 65.0¢ | 66.5¢ | 65.0¢ | $9.326K | 14.12K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5456 | 65.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 67.0¢ | 30000 | 1 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
65.5¢ |
Change
0.015 ( 0.77 %) |
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| Open | High | Low | Volume | ||
| 65.0¢ | 66.5¢ | 65.0¢ | 7872 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| PLT (ASX) Chart |