Key to note that 'Open Banking' is due to be rolled out from the start of July. This will be a major catalyst in helping the company grab a larger market share from the big 4.
Considering the company had many product channels disrupted during the crisis and still managed to not only have a record loan origination for the week but also returned to pre covid levels is a major step forward when many had to take a step back. Well done to Anthony and the Wisr team.
Vehicle finance product being launched next quarter which is quite exciting.
If they can achieve 1 Billion Loan book by FY22-23 as forecast - $1.00 price target. In saying that with some of the multiples out there wouldn't be surprised if it hits 55c-70c next year, so long as the loan book keeps growing in line with forecasts.
Like the purpose driven business(unusual in a finance company).
Holding and accumlating this one for the next 2-3 years so long as credit markets don't get hit too badly.
Cheers
Key to note that 'Open Banking' is due to be rolled out from the...
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