@RoE You've ignored the consumer lending business.
1. The gross loan book is scheduled to be close to $100m at the end of the financial year. Which is not too far behind MNY and CCV. And unlike the other two, it's completely internally funded.
2. Provisioning happens upfront. So for every period that has loan book growth, the profit is understated.
3. During the slowest percentage growth period of HY15, loan book grew from $63m to $72m - the company booked $2m NPAT.
4. I wouldn't be at all surprised if this was already a $10m/year NPAT business, and the company will only book ~$1m for FY15.
5. And its still growing! Rapidly.
Wheres the CCP growth coming from?, page-3
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