Money3 (MNY) -0.35%: finished the marginally down today, despite at one stage trading 5.9% better. The numbers looked good – NPAT up 27% to $19.9m with an 11% increase in the loan book and record half of cash collections. They have been acquisition hungry in the half, and secured over $300m across two warehouse facilities to help grow their loan book into the second half. Guidance was maintained at $36m though if the rapid improvements in the personal debt market continues and Money3 remain eager to acquire new books this would be light on. We like MNY looking for a breakout through the all-time highs it tested today.
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Gerrish: The correction is done, we’re positioning for what comes next
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A discussion with Geoff Wilson – Wilson Asset Management & James Gerrish – Market Matters
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Tuesday 13th May – Dow up +1160pts, SPI up +97pts
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Gerrish: The correction is done, we’re positioning for what comes next
The Market Matters lead portfolio manager talks the recent recovery, Trump, gold, and why he thinks there's plenty of opportunities.
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A discussion with Geoff Wilson – Wilson Asset Management & James Gerrish – Market Matters
Recorded Monday 31st March
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Tuesday 13th May – Dow up +1160pts, SPI up +97pts
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