Home Wires

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)

1 stock mentioned

Pie Funds
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

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Comments

Sign In or Join Free to comment

most popular

Equities

Buy Hold Sell: 5 companies with powerful earnings potential

Livewire Markets

Equities

Buy Hold Sell: 5 Aussie companies ahead of the competition (and 2 big buys)

Livewire Markets

Equities

The role of company meetings in long-term investing - part one

Aoris Investment Management

Education

Sell in May, go away and lose money

Leithner & Company Ltd

view all