thanks for that yeah know WZR access a wh facility via Bendigo...

thanks for that


yeah know WZR access a wh facility via Bendigo can't raise TDS. consumer finance more like Prospa

FEI different market SME

I think perhaps you missed the macro point though that Vendor finance looks tricky right now

Thorn business division downgrade
Flexigrpuo downgrade
mortgage arrears ticking up


I think the cycle is not favourable whilst agree business looks cheap end markets are looking weak . not ideal timing to launch in Australia

regulatory capital adequacy also very thin sobarguable cum capital injection

full year result should hopefully see sone clarity


I'm cautious. but cautiously optimistic