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RMC, RESIMAC GROUP LTD
terrine
post Posted: Feb 16 2021, 01:50 PM
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In Reply To: terrine's post @ Nov 16 2020, 10:18 AM

$2.50...and it got there today, been a fair perfomer last 3 months or so

 
terrine
post Posted: Nov 16 2020, 10:18 AM
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Resimac Price Target Raised 22% to A$2.50/Share by Bell Potter


Said 'Thanks' for this post: nipper  
 
terrine
post Posted: Nov 13 2020, 03:33 PM
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You beauty
Closed at an all time high yesterday and up near 20% today

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terrine
post Posted: Aug 21 2020, 04:34 PM
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up over 25% the last 10 days on fairly good volume
reporting next wednesday, hope they know something we dont
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terrine
post Posted: Nov 21 2019, 08:59 AM
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asx update today
1H2020 profit guidance of $24-$27m NPAT
thats a big improvement over $31m NPAT FY 2019

 
terrine
post Posted: Sep 5 2019, 12:32 PM
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RMC continues to extend its 5 year high
Havent seen these prices since it returned a 30cps dividend to shareholders many years ago


 


terrine
post Posted: Jul 30 2019, 10:21 AM
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I'm still loving it
Bell Potter puts 92cps target on RMC

 
terrine
post Posted: Jul 26 2019, 10:51 AM
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12 month high reached this morning
asx released FY guidance was well received.
is this stock the biggest secret on the bourse?

 
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
 
 


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