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MNY, MONEY3 CORPORATION LIMITED
mullokintyre
post Posted: Jan 7 2021, 01:15 PM
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In Reply To: nipper's post @ Jan 7 2021, 01:10 PM

When I saw the following, my internal alarms starting going off.
QUOTE
Money3 is a well run, profitable and rapidly growing niche automotive lender that is only just appearing on many investors radars. As a provider of car loans largely for customers with a less than perfect credit history, the company has managed to grow its loan book at a CAGR of more than 32% over the last 5 years, benefiting as the big banks pulled back from this segment of the market to focus only on the most credit-worthy car buyers.

What was it that contributed so nastily to the GFC??
Lenders dropping standards and just lending to anybody.
As for "Compassionate process for dealing with customers arrears", well thats great for the customers, but theres no way I would put any of my money into it.
Mick




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nipper
post Posted: Jan 7 2021, 01:10 PM
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Money3 Corporation Limited (ASX:MNY) Nominated by Peter Bell, Director, Bellmont Securities
QUOTE
Money3 is a well run, profitable and rapidly growing niche automotive lender that is only just appearing on many investors radars. As a provider of car loans largely for customers with a less than perfect credit history, the company has managed to grow its loan book at a CAGR of more than 32% over the last 5 years, benefiting as the big banks pulled back from this segment of the market to focus only on the most credit-worthy car buyers.

With a compassionate process for dealing with customer arrears and conservative lending practices that see all loans amortise to zero over the loan term (i.e. there is no residual loan left at the end of the term), the company has kept bad debts at modest levels, including an impressive performance during COVID. With a new financing arrangement from an A+ rated global bank due to come into place mid next year, the company's cost of funds will fall significantly, leading to a step change in profitability, on top of the organic ~20% pa loan book growth the company expects moving forward, and added accretion from a recent acquisition. Trading on a trailing PE of less than 17 times, and having recently entered the ASX300, the company is a rare example of a high quality, rapidly growing, reasonably priced business, that we think is likely to perform strongly in 2021.

Disclosure: Peter Bell owns shares in MNY personally, as does Bellmont Securities in its client portfolios and managed accounts.


https://www.firstlinks.com.au/24-hot-stocks...-funds-for-2021




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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
 
blacksheep
post Posted: Oct 17 2018, 06:51 PM
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QUOTE
Afterpay was not the only company to lose ground on the share market — shares in Credit Corp, which buys and collects debt, tumbled close to 9 per cent lower, while shares in lender Money3 fell nearly 14 per cent.

https://www.abc.net.au/news/2018-10-17/afte...-fears/10387982

short activity in MNY remarkably low - position @ 11th October, 2018 = 0.41%
https://www.shortman.com.au/stock?q=mny
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crystal
post Posted: Aug 6 2018, 12:05 PM
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In Reply To: mightyquin's post @ May 1 2008, 06:52 PM

still rocking by the look of them trading around 2.03 and still paying dividends ,good pick guys
from bell direct
Monmony3 rises for a fourth consecutive year, a four-yearrise of 149%Money3 Corporation Limited (ASX:MNY), extended its risefrom 20.4% three years ago to 8.3% two years ago to 51.4% ayear ago. In the past four years it has risen $A1.24 (148.9%),compared with the All Ordinaries Index which rose 778.8points (14.0%) in the four years for a relative price increase of 134.8%
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nipper
post Posted: Sep 29 2016, 09:04 AM
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Money3 Corporation Limited (MNY)

QUOTE
Thorney Opportunities (TOP) holds 5.5% of MNY and its associate, TIGA Trading Pty Ltd (TIGA), holds 5.5% representing a combined relevant interest of approximately 11.0% in the company, as well as MNY corporate bonds and options.

MNY achieved a number of record financial milestones during 2016, in particular an above guidance NPAT of A$20.1 million.

The environment for non-bank consumer lenders continues to improve at a fast rate as the major banks withdraw from this sector of the market due to regulatory capital requirements.

The new leadership of MNY from the Board down is stable and committed and with a rapidly growing order book in the automotive lending sector is focused on building a far more efficient, profitable and cash flow driven business.

TOP believes the market now has a better level of understanding of MNY's business and the key drivers of its earnings profile. This understanding has been reflected in the strong share price performance witnessed since the beginning of May 2016 which I expect will encourage new investors onto the register.




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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
 
mightyquin
post Posted: May 1 2008, 06:52 PM
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In reply to: rose0402 on Friday 30/11/07 02:13pm

these guys rock cool.gif
a nice steady expansion, not trying to get to big too quick!
paying regular divvs , drp if u want it , good management
etc etc etc etc etc,
picked up more in the fifties smile.gif
at this stage for a small company low turnover doesnt worry me
all looking good for future cheers

 


rose0402
post Posted: Nov 30 2007, 04:13 PM
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In reply to: mightyquin on Friday 30/11/07 04:55pm

agreed - although the directors never took the full div in DRP- guess they need to live too...

good luck, if they continue the way they are the buyers will come ....

 
mightyquin
post Posted: Nov 30 2007, 03:55 PM
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In reply to: rose0402 on Tuesday 26/06/07 08:53pm

yaeh! they make money , ive researched this and i think its good long term,
the DRP is good for expansion i think, and directors not taking the divvy home but putting it back in. smile.gif
all the signs are good ,imo. ive taken asmall positon and looking to get more,
my only concern is the very low volumes, but this wont matter if they keep doig right things blink.gif

 
rose0402
post Posted: Jun 26 2007, 10:53 PM
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In reply to: mightyquin on Tuesday 26/06/07 05:26pm

looks like they actualy make money !!!! Not a ramp like AZD

 
mightyquin
post Posted: Jun 26 2007, 04:26 PM
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In reply to: Varmi on Wednesday 06/06/07 12:42pm

varmi,
does this announcement mean that it's worth getting into?
or is it the guys that started it up just pulling some cash . icon14.gif

 
 


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