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Heh, heh does this indicate that NAB anticipates that the Plenti share price will go higher?
PLT - Plenti Group
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Dona Ferentes
Abrió la caja, vio al gatito, y sonrió
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and holding on to gains ...
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market cap of $130 million.
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"The company's financial result was decent, delivering $1.5 million of cash net profit after tax," Forager stated in a report on Plenti to its clients.
"Its $2 billion loan book was 29% higher than the prior year. And bad debts, while rising, are still within expectations at just under 1% of portfolio value."
Pleasant enough, but is that really worth a doubling of the stock price in 20 days?
Of course not. The major catalyst was a new deal with National Australia Bank Ltd.
"The behemoth will use Plenti to underpin the technology for its auto loan offering, including loan applications, credit assessments and loan management.
"Importantly, Plenti does not put its balance sheet to work in the deal, instead making a fee for each loan written and serviced."
Forager analysts calculate that if the loan book from NAB grows to $1 billion, it would be worth $20 million of "high-margin revenue" for Plenti.
"With NAB's brand name and marketing, this looks likely."
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DNH
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market cap of $130 million.
.
"The company's financial result was decent, delivering $1.5 million of cash net profit after tax," Forager stated in a report on Plenti to its clients.
"Its $2 billion loan book was 29% higher than the prior year. And bad debts, while rising, are still within expectations at just under 1% of portfolio value."
Pleasant enough, but is that really worth a doubling of the stock price in 20 days?
Of course not. The major catalyst was a new deal with National Australia Bank Ltd.
"The behemoth will use Plenti to underpin the technology for its auto loan offering, including loan applications, credit assessments and loan management.
"Importantly, Plenti does not put its balance sheet to work in the deal, instead making a fee for each loan written and serviced."
Forager analysts calculate that if the loan book from NAB grows to $1 billion, it would be worth $20 million of "high-margin revenue" for Plenti.
"With NAB's brand name and marketing, this looks likely."
.
DNH
