Glad to see it making a move. Have been patient holding along...

Glad to see it making a move. Have been patient holding along with those here as I felt it was wildly undervalued before (and underperformed the market immensely in FY2021).

They've announced some fairly robust results recently that I feel that market has started to look into. They are now back to levels of originations near pre-pandemic as a group and exceeding origination records in NZ. They've recently surpassed $2bn worth of lending.

As interest rates rise over the medium term, they should benefit significantly with an increasing loan book and more flexibility to adjust rates to increase margins.

Presently, it appears undervalued against its fintech peers. Its peers have been kicking goals in terms of lending, so the market may be realising that this sector is flourishing as our Australian economy improves.