Frustrating yes, but worthy of pulling out on this latest leg...

Frustrating yes, but worthy of pulling out on this latest leg down?

I think not, their business model is not broken, it provides a quick line of credit that banks are
too slow to match. Suitable for younger entrepreneurs who embrace the technology to manage small business cash flows etc.

Having said that, PGL is facing tough times with losses rising into FY20 end and most likely increasing into FY21. However, the fin tech model enables them to trace and consult with borrowers and assist proactively with arrears.

Would not have a lot of PGL in the portfolio but some will pay off if you are patient. SP might fall back to around 50 cents where it was a few months ago, and accumulating below 70 cents might pay off in the long run. DYOR