"On one recount to Street Talk, he told investors MoneyMe made $9 million statutory NPAT in the six months to December 31, and another $7 million across January and February. In other words, the business is printing profit."
$7m NPAT (unaudited) in Jan+Feb?!
Huge, and way more than $9m in Jul-Dec.
If it's true, I guess the $30m raising will succeed. I'd better get some cash ready to participate.
"The other kicker is the savings from repaying the short-term funding - another $6 million to $8 million a year. That’s the albatross that needs removing."
