report out today from Bell Potter on Money3. Ill be looking to...

report out today from Bell Potter on Money3. Ill be looking to top up at these prices. We had a profit upgrade and was sold into for short term profit taking at the resistance areas. Will definitely bounce from here. Then once we pass 1.80 resistance area, 2$ comes quickly imo




''Money3 {$1.61; -3.5; -2.13%} Buy, TP$2.60 – Lafitani Sotiriou

(https://www.bellpotter.com.au/onlineresearch/fileGet.aspx?guid=144692B1-

B661-48C7-9F05-5A1186A048D6) Quality result MNY has delivered a

strong 1H17 ~10% ahead of our expectations, and which included an

upgrade to FY17 guidance (up from $26m to $27.5m and compares to our

revised $28.1m estimate). Earnings revisions We have revised our estimates

for underlying EPS by +8.1%, 9.9% and 8.6% for FY17e, FY18e and FY19e

respectively, predominantly driven by robust gross loan book growth, lower

bad debt expenses and from overall cost control. We retain our Buy

recommendation with a revised Price Target of $2.60 per share

(previously $2.40).''