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31/05/18
12:28
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Originally posted by danbradster
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Maybe it's simply that FY16 to FY17 lending growth was considerably higher than FY17 to FY18, so revenue is quickly catching up now while growth in lending is not quite so high, from a higher base. Still a good result, I think.
I see SACC slowly being wound back. Gross loan book $35.6m in 2H17, then 31.5, and 30.0 this half.
What was the final decision with SACC? Or are they still deciding what to do with it?
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I would suggest they want that capital to put into secured auto finance. They still have $90m to use, but at the rate they're writing loans, the more $$ with which to lend the better.
EDIT: Sentiment should not be Buy.
Last edited by
Klogg :
31/05/18