Once the PIE overhang evaporates it should find a base. The exponential growth in auto loans while not sacrificing the credit quality of customers is something I'd like to find out more about, how they manage to do that. I'm confident there will be more consumer advocate and ASIC interest into the auto loan sector. i.e. tightening up on irresponsible lending etc. Rising interest rates and subsequent cost of funding might be something to consider as well i.e. how easily can they pass on the rising costs ? Mortgage stress is on it's way as well after the massive housing boom. The report was exceptional and let's hope they can continue. Technically the share is worth $2.00 - 2.10 on a fully diluted basis but it's not ?
MNY Price at posting:
$1.44 Sentiment: Hold Disclosure: Held
