Best to ignore the market gyrations, or use it to buy more
MNY's half year was a ripper.
Margin increased from 36% to 45%
Clean increases in revenue, NPAT and EPS
Loan facility increased to $50M to support further growth.
Guidance increased from $26M to $27.5M.
If they deliver $27.5M, it represents a forward P/E of 8.8.
MNY has always been a low P/E stock due to its perception as a unsecured/pay day type lender (but in reality this is only 13% of its business). Best to rest on the fundamentals with this one, and sit it in a quiet safe corner of the portfolio.
Gosouth
MNY Price at posting:
$1.56 Sentiment: Hold Disclosure: Held
