the loss from the the lending business is purely related to set up costs. They have been making a lot of money as a broker for non conforming loans but by lending the money themselves they will make slightly more than double this. As they only lend in Australia and only up to 80% of property valuation they are protected from any major writedowns. In addition if they have to foreclose they are in the ideal position to do this being a bankruptcy agent.
the loss from the the lending business is purely related to set...
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Last
83.5¢ |
Change
-0.005(0.60%) |
Mkt cap ! $101.3M | |||
| Open | High | Low | Value | Volume |
| 84.5¢ | 84.5¢ | 83.5¢ | $3.869K | 4.634K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8543 | 83.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 84.5¢ | 24999 | 1 |
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| Last trade - 15.31pm 14/11/2024 (20 minute delay) ? |
| FSA (ASX) Chart |