I have sold my SPP allocation so I have happy for this to be...

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rvajna

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15/02/20

03:22

Post #: 42947520
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Originally posted by Tapdancer: ↑

It's a good thing that the charts explain the economics of the Wisr lending business.
"Gravestone Doji" means that if you didn't pay back your personal loan within the last week, the Wisr boys will send out an expert in the not-so-delicate Japanese art of debt recovery (Doji) and get the money by whatever means necessary.
This is not good news for shareholders. Doji exponents (usually recently retired Sumo wrestlers) don' t come cheap - they are organised along the lines of the Japanese Yakuza, who want their 75% cut up front, and this is before counting the cost of feeding the Doji who generally refuse to execute their duties on an empty stomach.
Judging by the volume that went through today, it's clear that there are many borrowers living in dread of the Doji midnight doorknock. It's possible that the company, whilst possibly being able to withstand the expected drain on short term cashflows, may now not have the funds required to expand its loan book, as previously expected.
This will mean a very long wait (even up to a whole week) before the company recovers, testing the patience of even the most loyal long-term shareholders, who, with 2020 vision, now realise that term deposits were always the better option for their money.

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I have sold my SPP allocation so I have happy for this to be brought down in the short term so I can top. If not, then there are many other opportunities out there. The coronavirus may wreak havoc on the world economy so it does not hurt to be a little cashed up at this time.

WZR Price at posting: 28.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 3.2¢		Change -0.001(3.03%)		Mkt cap ! $44.63M

Open	High	Low	Value	Volume
3.4¢	3.4¢	3.2¢	$25.78K	795.2K

Buyers (Bids)

No.	Vol.	Price($)
2	228765	3.2¢

Sellers (Offers)

Price($)	Vol.	No.
3.3¢	60752	2

View Market Depth

No.	Vol.	Price($)
2	228765	0.032
6	3646588	0.031
7	1580000	0.030
5	366409	0.029
2	37857	0.028

Price($)	Vol.	No.
0.033	60752	2
0.035	228536	3
0.036	124000	2
0.037	323900	2
0.038	100000	1

Last trade - 12.38pm 15/09/2025 (20 minute delay)

WZR (ASX) Chart

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