The bull run is about to begin. Out with the odd management and in with the new. Clever young Ceo, Marcus, with lots of banking experience. Jamie Green as Chairman and Tony Lally make an awesome team to aid Marcus. I would anticipate further strong additions to the board as the foot print is expanded in OZ.
Now all the issues of previous management have been sorted and the merger and associated costs are bedded down, its time to commence the real work of growing this business exponentially. Having a non bank deposit facility is the jewel in the crown. Access funds cheaper than everyone else who has to pay a banks margin, maintain conveyance agreements, and be vulnerable to changes in bank lending.
As simple as clipping a ticket.!!! Its an extremely basic model.
Very much looking forward to the financials being release, followed by a road show to investor who like profitable companies that are growth strongly. This one has gone under the radar for too long.
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