FY18 EPS at 18.6
FY19 EPS at 19.1
FY20 EPS at 19.4
Diluted EPS accounting for in the money options
At $1.60 MNY trading on a PE under 10.. Hardly demanding.
Given the size of the auto loan market you'd expect them to be able to quickly grow in this space now funding in place. They have the network.
Plenty of opportunity for the company to surprise with a better than expected sale of the SACC loan book, faster uptake of new auto loans, lower operating costs, improved margin with the move to lower interest facility which replaces the bonds in May (still don't know what this rate is)
Pick up a 3.6%FF dividend while we wait and see.
MNY Price at posting:
$1.68 Sentiment: Buy Disclosure: Held
