Ann: Investor Presentation, page-20

First 20 Last

Share
Profile

Follow
Madtrader

590 Posts.

41

02/06/18

19:17

Post #: 33453853
Share

Originally posted by JoeGambler ↑

Thanks for the input Madtrader.

Only thing I would say is, could you please paragraph a bit more...

In terms of the guidance on gross loan book for FY18 the market cap isn't far above that. Are you calculating price to book on the net loan book after provisions?

I think the SACC exit might and the subsequent ramp up of Auto lending might lead to a pause in EPS growth in FY19. Particularily since the options dillution.

I think you're right on the risks in terms of no track record with a large downturn, or a large loan book for that matter.

However, lots of positive catalysts for multiple expansion. Such as, cheaper funding, SACC exit reducing that stigma on the stock, and of course every half of solid results adding market confidence in the company.

The regulations are aimed at SACC lending which MNY is exiting in FY19. In any event the MNY is below intetest rate caps. Worth digging up the propsed changes mind you. Though I doubt any rapid change under current government. A labor government would accelerate that next year mind you.

As long as Aus does not experience a downturn during this ramp up phase in next couple years, it's still cheap.

Expand

Of course, I will endeavour to hit return a few more times next time. Price to book was simply referring to NTA. Re regulation I was referring to commentary not so long ago about issues identified in the auto lending space that could trigger that, not SACC.

MNY Price at posting: $1.99 Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

Ice-cold winner: Cryopreserver Vitrafy escapes November's IPO struggles to end debut week higher

Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Dale Gillham's weekly wrap: Bold moves in NZ, caution in Australia

ADD

Parkes Au-Cu project to 'transform' Adavale Resources with key targets

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

RSG

Resolute shares bounce back as second payment made to Mali government to secure workers' release

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

HotCopper Highlights: Your most watched stocks for Week 48, 2024

There are more pages in this discussion • 1 more message in this thread...

First 20 Last

Add MNY (ASX) to my watchlist

Ann: Investor Presentation, page-20

Top Stories

Ice-cold winner: Cryopreserver Vitrafy escapes November's IPO struggles to end debut week higher

Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Dale Gillham's weekly wrap: Bold moves in NZ, caution in Australia

Parkes Au-Cu project to 'transform' Adavale Resources with key targets

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Resolute shares bounce back as second payment made to Mali government to secure workers' release

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

HotCopper Highlights: Your most watched stocks for Week 48, 2024