WZR +8.89%: Released a quarterly trading update today and the trends remain very strong. This is a company that continues to print very impressive growth yet the SP has been subdued – we think it’s just a matter of time before that changes. In January loan volumes were up 103% from $11.5m this time last year to $23.3m, February saw a bigger increase from $13.2m to $35.5m and March volume was $39m. The business is clearly accelerating however they’re also growing sensibly. Scale is key here and their finally achieving this across multiple lines
Here is a snapshot of loan originations over time, it’s all about growth.
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Loan originations – quarterly – source Shaw and Partners
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Loan originations – quarterly – source Shaw and Partners
We hold WZR in the MM Emerging Companies Portfolio.
MM is bullish WZR
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