I'm glad someone finally made a post on this one.
I've been in MNY for a short while now. I caught it on the way down.
The share price hasn't done much for me (down around 20% - the worst performer so far in my portfolio) but I had it on my watch list for a while and really like what the company is doing and how the numbers stack up.
Personal finance is one big area and personal loans for people with steady employment and slightly impaired credit has been neglected for quite some time as an area most lenders haven't been willing to touch other than with credit cards.
As long as they maintain decent lending standards it should be a good one to watch.
In a similar industry some peer to peer lending sites like prosper dot com have shown that unsecured lending can have default rates well under 1%
*Please do your own research. I own shares in MNY. I do not advocate any position in this stock
things are looking up, page-2
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Last
$1.27 |
Change
-0.055(4.17%) |
Mkt cap ! $259.0M | |||
| Open | High | Low | Value | Volume |
| $1.29 | $1.29 | $1.27 | $191.0K | 149.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9998 | $1.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.28 | 2375 | 1 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| SVR (ASX) Chart |