"Department of fair trading was aware of this practice". Not sure if you could say they condoned it. ASIC took the Cash Store ( in liquidation ) to court and they where fined 10 odd million dollars . ASIC had little hope of receiving payment. I think it sent a clear message. The small loan sector is having a GFC. A fair bit of turmoil. 60 million of funding to be withdrawn from CCv. Not overnight but I assume existing loans will be run off. CCv in a bit of a bind at the moment as funders unlikely to fund while a class action is overhead. One option is to just wind the the loan books back and wait till the action is resolved. Maybe suspend the dividends as well. I much prefer Mny but would be pretty confident CCv will come out the other side. Supply is being squeezed but demand is growing. 5 million with a credit default and tech savy people who earn good incomes who could not be bothered going into a bank and negotiating with those people. A friends daughter works at nimble and she says people earning $10000 a month use nimble multiple times a year. Banks have moved up the food chain. This sector is legit and growing. I wonder how many of the private short term loan providers will be affected by Westpacs withdrawal.
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Last
22.0¢ |
Change
0.005(2.33%) |
Mkt cap ! $138.0M |
Open | High | Low | Value | Volume |
22.0¢ | 22.0¢ | 21.0¢ | $78.05K | 362.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 138410 | 21.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.0¢ | 634343 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 138410 | 0.215 |
12 | 323310 | 0.210 |
5 | 221434 | 0.205 |
9 | 311982 | 0.200 |
6 | 688589 | 0.195 |
Price($) | Vol. | No. |
---|---|---|
0.220 | 634343 | 13 |
0.225 | 235798 | 7 |
0.230 | 446465 | 7 |
0.235 | 264987 | 5 |
0.240 | 46522 | 6 |
Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
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CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
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