Phamp, I am firstly admit to being a long term holder of ZML and...

Phamp,

I am firstly admit to being a long term holder of ZML and a believer in the company going forward.

I think the companies are very different at this point in time.

AFY to me is a quasi modern day Lay By company lending to the less financial, less mature section of our community.

The real must have it now worry about how l pay for it tomorrow, hence current bad debts running at close to 8%.

ZML on the other hand is structured for growth and offers a completely different model to a very different clientele.

Providing finance to a much more mature clientele in far more mature sectors like health (dental etc) and luxury travel etc, supported by its current bad debt ratio of less than 1.5%.

They also own their lending platforms and pocket news will be a great acquisition for them going forward.

I think their management is also extremely solid and very experienced.

Love how ZML are going about things and its June quarter will be very interesting.

My guess closer to $90 M rather than $80M for the quarter.

Heaps of upside going forward IMO and certainly extremely undervalued compared to AFY.

Yarra