Looking at the commentary provided to DMX Funds sux months ago: - lending against firms’ revenue has been roughly 2.5% in the Aus market - if QFE can penetrate 10% of the US addressable market over time and assuming similar lending %, one would be looking at least $112.5m of lending.
Whoever’s been keeping a lid on the SP is betting that some retail holders lose patience and jump whilst watching other fintechs take off.
Old Bruce needs to get US lending cost reduced as a priority, assuming he needs increased lending in order to negotiate a better rate. WZR has exactly done that after two years going at it.
QFE Price at posting:
35.5¢ Sentiment: None Disclosure: Held
