Taking opportunity from weakness in Intueri and Money3

Pie Funds

Pie Funds

Sometimes things take us by surprise and the fall in price of Intueri and Money3 is one of those things. We have taken the opportunity to increase our holding in both given we believed the share-price falls are unjustified. In the case of Money3, the company has come out and reiterated its full year guidance and initiated a share buyback stating “that the current share price does not adequately reflect the value of the Company”. We believe Money3 continues to see strong growth in its secured loan book which is the main driver of growth and will be assisted by further sources of debt funding which will improve its return on equity. (VIEW LINK)


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