Well priced stock in a hot market
I've bought a holding of MNY - reasons;
Low PE and good div + GROWING EPS, fundamentally very sound business and on very undemanding multiples + plenty of cash.
Downtrend broken now in Uptrend.
This businesses has really niche (mainly car lending) and is competitive with other lenders in this category like banks.
Most of MNY's rev and profit comes from secured vehicle loans (approx 60%), while a small proportion come from unsecured personal loans.
The unsecured personal loans are where all the uncertainty is regarding regulation. (cf Cash converters where most of there rev/profit comes from unsecured personal loans - hence more uncertainty and a continued low SP - but one to watch once regulation announcement)
As one well respected person who has now left sharetrader mentioned; tighter regulation will push out small private operators leaving the big guys to pick up more market share, so there is possible growth re personal loans.
What I like - fundamentals, growth, solid long term prospects (unfortunately people will always need loans as not many can save), SP is uptrend.
Risk is regulation changes re personal loans - might take short term hit but long term it could actually gain greater market share.