Reckon to build and consolidate a business is one thing: to cobble something together for private equity is another. This business is under construction and has no attraction for private equity until it pays dividends - there are no assets other than intangibles. I don't reckon a dividend will be in the wind for a long time yet - there is no concrete comparison, so who really knows what the year on year results are, particularly as the loan book results can't be known for some time. However, there could be a significant upside for the patient investor providing that management stays on the right path.
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