P/E is not the sole, or even the primary basis for the valuation of a lender, with loan book size being another key factor. When MoneyMe announced that it had completed its acquisition of SocietyOne (for $132m), the first point it raised was that it had added $402m to the size of its loan book. Based on this measure, Wisr's MC should be around $300m ie 5-6 times what it is today. Of course, MoneyMe was buying a competitor, and anticipated substantial cost savings, scale economies, and other benefits, but I remain convinced that Wisr is seriously undervalued.
whats the plan?, page-46
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Last
3.7¢ |
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Mkt cap ! $50.75M | |||
| Open | High | Low | Value | Volume |
| 3.8¢ | 3.8¢ | 3.7¢ | $29.78K | 803.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 961261 | 3.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.8¢ | 130689 | 1 |
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| Last trade - 15.54pm 28/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 3.7¢ | 3.7¢ | 3.7¢ | 104714 | ||
| Last updated 14.45pm 28/05/2024 ? | |||||
| WZR (ASX) Chart |