I'm not surprised, given it's market value and it's still putting growth ahead of profits, it just doesn't fall into the criteria of many trading houses, share funds, etc. which is when you see more daily volume. 50% of the company is essentially owned by 3 entities and it's not paying dividends so why would it? - this stock is only for people with a longer term view.
Based on information released from the company they are already hitting monthly settlements around the 1.5 billion mark (which is growing year on year) and with a churn of about 5 years for each loan, if they can just maintain the current monthly sales over 5 years then they are already on target for a $80 - $90 billion loan book. So considering they are still growing, that $100 billion loan book target by 2020 is very achievable, probably a little on the conservative side considering the focus is on growth (and things like adding 100 new brokers should make a difference) from the sounds of it they are already able to operate at the scale they need to be to archive those numbers so I think it's a great company to keep on the radar.
Some days less then 10k is traded so much of the movements at the moment are academic.
YBR Price at posting:
25.0¢ Sentiment: None Disclosure: Held
