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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Last
3.7¢ |
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Mkt cap ! $50.75M |
Open | High | Low | Value | Volume |
3.6¢ | 3.8¢ | 3.5¢ | $29.96K | 822.4K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 133506 | 3.6¢ |
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Price($) | Vol. | No. |
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3.7¢ | 86600 | 1 |
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No. | Vol. | Price($) |
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1 | 133506 | 0.036 |
2 | 311934 | 0.035 |
2 | 310000 | 0.034 |
3 | 431600 | 0.033 |
1 | 200000 | 0.032 |
Price($) | Vol. | No. |
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0.037 | 86600 | 1 |
0.038 | 304454 | 3 |
0.039 | 441500 | 3 |
0.040 | 352762 | 4 |
0.041 | 254562 | 3 |
Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Change
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Open | High | Low | Volume | ||
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Last updated 15.02pm 30/05/2024 ? |
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