I fully agree with your comments @Klogg. If they get the car lending product right, then it’s a game changer for this company. The customer base is already there, thanks to the debt agreement business.
I was given the impression at the AGM that they are taking a slow and steady approach in growing the loan pool.
The existing lending facility with Westpac expires in June 2017 so I expect they will need to update the market in a few weeks. I am looking forward to hearing that Westpac have approved a much larger lending facility to accommodate the new car loans to be written in the next financial year.
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94.0¢ |
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Mkt cap ! $117.5M | |||
| Open | High | Low | Value | Volume |
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| Last trade - 16.21pm 29/07/2025 (20 minute delay) ? |
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