Cracking result for this short-term finance company
Pie Funds
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)
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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 if you get it wrong. We believe strongly in our strategies which is why all our directors, shareholders and staff stand behind the products we offer and have invested alongside our clients on the same terms. Pie Funds offers investors a unique approach to funds management.
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Pie Funds
Pie Funds
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
Pie Funds
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
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