Thanks for confirming @TheSparkGuy, so it's closer to 8M for the...

Thanks for confirming @TheSparkGuy, so it's closer to 8M for the initial $20m and 5M for the additional $10m.

In terms of the dividend, with the upgrade in NPAT guidance I think there is scope to increase in the final dividend to c. 2.75-3c / share as they will still be at the lower end of the 30-50% payout ratio they are targeting.

Funding is really the only thing holding MNY back, management changes over the last 12M have been positive, earnings are growing considerably, div on hold to fund loan growth which is sensible and there is a huge addressable market.

They first announced that "Multiple funding sources [are] being considered to provide seamless growth ahead" at the FY16 results release in Aug 16 and updated again stating that they had received a number of proposals which they were considering at the AGM late in Nov 16. The outlook statement from this presentations just restates that they are continuing to evaluate these proposals which I think is reasonable considering the new CFO appointment in Nov 16. I'd like to think that the $20m will keep them going for the next 6M while they progress these proposals during H2 with an update sooner rather than later.

As soon as they update the market on a long term funding solution I see this heading through $2.00 on its way to $2.50