Ann: Money3 Secures $150m Debt Facility, page-16

The stock is fairly illiquid and that may be the reason why the pullback has been particularly pronounced. It doesn't make sense to me to downgrade a stock that announces a significant milestone further underpinning the growth trajectory. To give back all the gains and some on the back of a big year and bigger and cheaper lending facility is odd. Something we are missing?

Yeah, I agree the selling the branch network doesn't seem like a hugely expensive exercise. If they wind it up, which makes no sense, then yes lease payments and redundancies would be significant. Wish I was a client so I could read the rationale.

I got the Bell Potter tip off Rudi's (FN Arena) Twitter feed.