The main reason for the down turn is the recent statement from Money3 which said that if the fee cap is introduced for loans under $1000, they will exit that particular segment. If this happened, their revenue will be reduced by 20%.
Market doesn't like uncertainty, so the share price will be on the downturn until decision is made around this regulation.
The main reason for the down turn is the recent statement from...
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Last
$1.14 |
Change
0.030(2.70%) |
Mkt cap ! $240.7M | |||
| Open | High | Low | Value | Volume |
| $1.12 | $1.14 | $1.12 | $617.7K | 543.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 16865 | $1.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.14 | 802 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| SVR (ASX) Chart |