Interesting that MNY are still advertising their Cash Train lending website here in Melbourne on tv. Considering that they've committed to exit the SACC lending business by the end of June you can only assume that they are still looking at selling at least part of that business otherwise why waste the money? I seem to remember them paying around $1.0m mark for the Cash Train online business so if they can offload it rather than just shutting it down it' should save a sizeable write down.
MNY Price at posting:
$1.80 Sentiment: Buy Disclosure: Held