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3.70%

2.8¢ wisr limited

Massive opportunity cost, page-277

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Samajha

6 Posts.

28/04/23

09:14

Post #: 67495701
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Originally posted by McKhenry: ↑

My understanding was they tranche and sell blocks of their loan book to larger banks, packaging it up like a bond to a degree. Their funding rates would most likely be tied to their loan terms, 3 years at least you would think, maybe 5, they have been fairly on the front foot with increasing rates as well, so I am not sure if that would be material, probably more the provision for default would be the financial drag.

Unfortunately I know they have cleared out some staff of late, so they feel the need to cut costs and would dare say they will look to broker channel to leverage growth. I am not expecting anything that will help the share price until later in the year and think we will stay around here for a while yet. Hopefully they can show a small yearly profit for EOFY23.

They have also cut their lending criteria from 'any worthwhile purpose' to consolidation, cars and caravans, so that will make them a lot less dynamic, seems they are crawling into their shells.

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That's actually not true. Their website has options for debt consolidation, vehicle, medical, home reno, EV upgrade and 'something else' which (copy and pasted from their website) includes "Debt consolidation, Car, Legal fees, Tax debt, Gap finance, Just about anything, really".

WZR Price at posting: 4.2¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 2.8¢		Change 0.001(3.70%)		Mkt cap ! $38.65M

Open	High	Low	Value	Volume
2.8¢	2.8¢	2.8¢	$13.95K	498.5K

Buyers (Bids)

No.	Vol.	Price($)
3	121514	2.8¢

Sellers (Offers)

Price($)	Vol.	No.
2.9¢	998452	5

View Market Depth

No.	Vol.	Price($)
1	118924	0.027
1	30000	0.026
4	653413	0.025
1	600000	0.024
1	45400	0.022

Price($)	Vol.	No.
0.029	998452	5
0.030	287036	3
0.031	426774	2
0.033	181828	2
0.034	267613	2

Last trade - 15.45pm 04/10/2024 (20 minute delay)

WZR (ASX) Chart