come on mafo, peter completely fails to aknowledge the loanbook...

come on mafo,

peter completely fails to aknowledge the loanbook turnover of ~15X to account for how interests rates will affect margin.

pigmightfly already failed at this point...


example

APT borrow $100 at 2% interest

apt then loan that $100 out 15 times in the year earning 4% each time for a total revenue of $60.
after interest is paid APT is left with $58

if interest rates double to 4% afterpay would still be left with $56..

peter like pigs has completely failed on the how much interest rates will affect margins.


why are you here mafo

you like to reply, why not answer to your deal breaking with me???