Ann: H1 FY17 Money3 Results - Investor Presentation, page-2

Another strong result from MNY. Another earnings upgrade. Still trading 10x. People maybe concerned with Div of only 2.5cps (vs 2.75cps pcp) despite the strong earnings growth. However get used to it, as I expect the company to cap Annual Divs at 5cps. Why?? the company is earning a ~12% RoA and ~20% RoNTA. Given these return metrics MNY is much better off funding as much growth via internally generated cash sources. In fact they would be better off, cutting the div completely and reinvesting that cash back into the loan book. Great performance from Malone and the boys at MNY!