Cracking result for this short-term finance company

Pie Funds
Money3 (MNY:ASX) posted a cracking result with NPAT up 78%. Due to negative sector sentiment however, the company is now trading on 6-7x p/e FY16, despite strong guidance of 30% NPAT growth. Importantly the secured lending division, the main growth arm, makes up 2/3 of the business and the company now appears keen to exit the unpopular unsecured low value loans. If this is achieved prior to year end then a re-rate back to 10x p/e seems on the cards. To access more insights click the (VIEW LINK)
Welcome to Livewire, Australia’s most trusted source of investment insights and analysis.
To continue reading this wire and get unlimited access to Livewire, join for free now and become a more informed and confident investor.
1 stock mentioned

Pie Funds is a boutique Investment Manager. We are committed to our investment style and ignore the crowd. All our clients are treated with respect and we understand that choosing an investment manager is a big decision with important consequences...
Expertise
No areas of expertise

Pie Funds is a boutique Investment Manager. We are committed to our investment style and ignore the crowd. All our clients are treated with respect and we understand that choosing an investment manager is a big decision with important consequences...
Expertise
No areas of expertise