I think the div staying flat has more to do with funding the loan book than anything else. Its crazy to keep increasing the div when they dont have enough cash to fund loan growth and are still searching for a long term funding solution.
Another strong earnings result for MNY but would have liked to have seen more in regards to funding. The additional 20m from the existing facility will keep it going for another 6M but as another poster said the PE wont be re-rated until they have a long term solution in place.
MNY Price at posting:
$1.76 Sentiment: Buy Disclosure: Held
