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$3.15 money3 corporation limited

I share your sentiment - the only thing holding me back is that...

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68 Posts.

7

18/10/18

14:20

Post #: 36173331
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Originally posted by Tarvold ↑

Well i topped up today, didn't think I'd get the chance to buy again at these levels.
Storm in a tea cup IMO.
MNY worked with the government to set the SACC practices, in fact they had them in place prior to their enforcement. Already been through the process & i've not seen any negative comments from customers re their lending practices.
The only negative i can see from all this is that it will delay the sale of that part of the business until after the enquiry.

The vast majority of their business was covered by the RC. The senate enquiry will focus on unregulated businesses ie APT not ones that are regulated let alone ones that operate good practice.
Seems to me that the market still doesn't realise that MNY isn't really a payday lender anymore.

Fill your boots & profit from unwarranted fear.

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I share your sentiment - the only thing holding me back is that this is my largest position. May still pull the trigger later today. Trailing multiple is < 9.

MNY Price at posting: $1.75 Sentiment: Buy Disclosure: Held
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