It's very difficult to put an accurate valuation on MNY until we know how & the impact of the exit from the SACC business will be. As that is expected to happen 'by the end of the year' i suspect we won't have a clear picture until Aug when the FY results are released with next year guidance.
I do believe however that MNY is materially undervalued due to the unwarranted worry with regard to the impact of the current senate inquiry into short term lending practices. Not only is SACC a very small part of the business, they are exiting the business & MNY have always been at the forefront of good lending practices helping to shape the regulations with authorities.
MNY Price at posting:
$1.79 Sentiment: Buy Disclosure: Held
