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RMC, RESIMAC GROUP LTD
terrine
post Posted: Feb 26 2019, 09:32 AM
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RMC continues to perform with revenues, profit and franked dividends all increasing
Responsible lending practices have 90 day delinquencies at .08% of book, 4 to 8 times better than any of the majors and a similar story with write offs.The only item that has never been addressed by the board is the sharemarket liquidity.A major failing and one that needs to be addressed.


 
nipper
post Posted: Dec 21 2018, 11:51 AM
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In Reply To: nipper's post @ Dec 21 2018, 11:34 AM

QUOTE
...........These borrowers have been particularly hard hit by credit tightening by major lenders, which are requiring detailed evidence of all income, expenditure, other loans and outstanding credit card debt.

Homeloans and Resimac, which merged about two years ago, had been operating under separate brands since the name change earlier this month.

The bank is using the merger to expand on its digital lending and marketing, according to a spokesman. The existing range of products are not expected to be changed. Resimac's business model involves selling mortgages that have been financed by raising funding in the wholesale market, while Homeloans originates loans that are funded through other lenders, which include banks and non-bank lenders such Resimac.

The lender is also tightening loan applications by requiring applicants to provide detailed reasons for their spending. Other shadow lenders, such as Pepper Money, are making similar changes.
https://www.afr.com/real-estate/newly-merge...20181214-h194so



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Dec 21 2018, 11:34 AM
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Resimac Group Limited (RMC, formerly Homeloans Limited) is a residential mortgage lender and multi-channel distribution business specialising in Prime and Specialist lending.

The Group operates in targeted market segments and asset classes in Australia and New Zealand. As a non-bank mortgage financial institution, the Group has developed lending, loan servicing and funding platform through a combination of organic growth and targeted acquisitions across Australia and New Zealand.

The Group's business model provides a diversified base of revenue generated at multiple points across the customer relationship and includes loan origination, lending, and mortgage management.

- tough market right now?
QUOTE
esimac Group, the newly-named amalgam of shadow banks Homeloans and Resimac, is starting with a "summer campaign" to launch its new brand with cuts of up to 30 basis points across prime and low-doc products.

It comes as regulation-lite shadow bank competitors continue to grab market share with lower lending rates for home buyers and investors and loan approvals more than twice as fast as deposit-taking competitors.

The new rates also apply to loans with deposits as low as 5 per cent of the loan value, which compares to a minimum 20 per cent for most of its mainstream loans.




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
terrine
post Posted: Dec 21 2018, 11:12 AM
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CODE CHANGE PLEASE RMC

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terrine
post Posted: Oct 24 2018, 11:22 AM
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ASX announcement today change of name to RESIMAC2 years after the reverse takeover by Resimac, they come clean with Homeloans shareholders and are now changing the name.My question is why would you change such a SAYS IT ALL brandname??



 
terrine
post Posted: Feb 22 2018, 04:24 PM
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In Reply To: terrine's post @ Feb 20 2018, 11:36 AM

Results better than average and a 10% SP increase.
Dividend up 20% PCP

Biggest comeback since LAZERUS

 


terrine
post Posted: Feb 20 2018, 11:36 AM
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Another one of mine from the bottom drawer
Touching 2 1/2 year highs.
Last 2 days someone unloading/buying millions of shares at .60
Half year results must be coming in a week or so...WTF

 
terrine
post Posted: Mar 1 2017, 11:23 AM
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Forced to accept a reverse takeover by a tired and incompetent board that categorically claimed a SP retreat should we not accept the best they could do...AND HERE WE STAND
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terrine
post Posted: Oct 11 2016, 08:07 AM
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really is a pity they cant put the cpmplete brrom to the board of this underperformer
reading the Chairmans EGM comments from yesterday
1. independant advice states the takeover is not fair but reasonable (WTF does that mean)
2. and if we dont vote yes the shareprice will retreat once again
Liquidity has always been a shareprice handbrake and the board needed to get out and make major purchases and and increase and enhance the sharebase,
but in the absence of that capability this is where we are, damned if we do damned if we dont


 
terrine
post Posted: Jul 29 2016, 04:18 PM
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reverse takeover leads to SP improvement from doldrems

up 35 % last 2 weeks

new shareholders and liquidity may help this bloke up to the level it desreves

 
 


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