MNY 0.00% $3.15 money3 corporation limited

Money3 risks and revenue model, page-11

  1. 955 Posts.
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    MNY is also my largest holding thanks mainly to buying in at 37c.
    I have reduced my holding recently for the very same reason, concerns over possible sharp contraction in the economy due to a potential housing market collapse.
    I believe Australian is on the brink of a potential recession caused by the side effects of a significant fall in house prices, the signs are all there you just have to look at the stats. In won't be in the next 6 months but 2019 could be nasty, especially if a global event happens elsewhere.
    The fact that MNY borrowers don't have mortgages is largely irrelevent, they will still default if they lose their jobs & it's the people at lower end who can't afford mortgages who are laid off first.

    The second reason i reduced was also because i found an alternative investment with a greater upside. So better diversification & higher returns.

    MNY is a great company & i believe will smash it's PAT guidance this year but it's not a share you want to hold a significant amount of in a recession.
    If the sp breaks $2.00 in the coming months i will reduce further.
 
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Currently unlisted public company.

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