MNY 0.00% $3.15 money3 corporation limited

The non auto part of the business will be sold off to a third...

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  1. 955 Posts.
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    The non auto part of the business will be sold off to a third party or previous mngt, the impact of which can easily be estimated by reviewing previous presentations/accounts. There will be minimal impact other than losing that segment of the business which is less profitable than the auto section. With the proceeds of the sale reinvested into the auto business that will be earnings accreditive all be it with a small delay.

    So doubling the auto business which is more profitable than the non auto over 3-5 years. I can't see where Bell Potter is coming from with any doubts on MNY, the far bigger risk is any serious downturn in the economy / rise in unemployment.

    I've held since 37c & I'm not selling unless MNY hits a PE 15+, I see this as a very long term investment. The yield on my initial investment is now over 20% net
 
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Currently unlisted public company.

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