MNY Money3 the omen tip

[winner69]

Hey Birman - you didn't have to go looking for those dividends and get into trouble

http://www.stuff.co.nz/life-style/christmas/64409941/Santa-Claws-needs-help-Rescue-for-cat-stuck-in-a-chimney

Does say Bengal but close enough to Birman

Hope little puss is OK and gets to his first birthday on Saturday

Merry Christmas anyway Birmanboy - enjoy your posts

[skid]

Hey Birman - you didn't have to go looking for those dividends and get into trouble

http://www.stuff.co.nz/life-style/christmas/64409941/Santa-Claws-needs-help-Rescue-for-cat-stuck-in-a-chimney

Does say Bengal but close enough to Birman

Hope little puss is OK and gets to his first birthday on Saturday

Merry Christmas anyway Birmanboy - enjoy your posts

They did it for the Money.

[winner69]

I am so so glad Money is all OK .... hope they go to Masterpet and get some special food and toys for him

Maybe a good omen for Money3 on the ASX

[NZSilver]

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.

[bull....]

yes I have holding too very cheap to intrinsic value, 2 dollaars if they announce a great report next mth I hope

[NZSilver]

Glad i have good company! Admin can this thread please be moved to ASX forumn

[Joshuatree]

Me too holding from re 95c. Good little summary NZS. I took profits on CCP a little while back and got MNY & PNC.
Mkt cap re $192 mill(options etc not included)
FY profit est $19-$20 mill
PIE funds fave

[NZSilver]

Thanks JT, Quick question, is PNC similar to Mny?

[winner69]

Glad i have good company! Admin can this thread please be moved to ASX forumn

Could add to MNY thread
http://www.sharetrader.co.nz/showthread.php?9327-MNY-Money3&highlight=Mny

[Joshuatree]

similar sector Diversified Financials but different ,:laugh:lazy bugger

[bull....]

if there a surprise upside in result this will fly, shareprice was only down due to loans to unsecured but now there growth will accelerate in car loans which are booming anyway someone just buy 1mil of shares at 1.35

[muss1]

I've looked into MNY a number of times but can't commit to buying. Mainly due to the industry- payday loans etc just don't sit well with me (morally and risk wise). Having said that, last time I looked they were pretty cheap and therefore an attractive investment if one is happy with the market they are in.

What are others thoughts on the nature of the lending they do? Both morally and from a risk point of view. When the financial world goes pear shaped (When not if IMO) will we see some serious defaulting in their loan book?

[percy]

I've looked into MNY a number of times but can't commit to buying. Mainly due to the industry- payday loans etc just don't sit well with me (morally and risk wise). Having said that, last time I looked they were pretty cheap and therefore an attractive investment if one is happy with the market they are in.

What are others thoughts on the nature of the lending they do? Both morally and from a risk point of view. When the financial world goes pear shaped (When not if IMO) will we see some serious defaulting in their loan book?
I have watched this sector via once holding CCV Cash Convertors.
Yes very serious defaults and changing government requlations,.At one stage MNY had defaults running at or near 25% of lending.
They also stated they do not make anything on a person's first loan.It is on ongoing loans they make their profits.
Compare this with Heartland Bank's "open for business" where they make money from day one.
Yes, people I respect are shareholders of MNY,but I am happy leaving MNY to them.
With me not holding MNY are sure to be a winner..lol.

ps.I do hold rather a lot of HBL and also a fair few TNR in NZ,so I am already "well positioned" in motor vehicle lending sector.

[NZSilver]

I must admit Percy - I did think - "should I just buy more hbl instead" before I took my position in Mny.

[babymonster]

i am holding it too (for a while)... looking great recently... should be some resistance around currently level..report should be pretty good..

[bull....]

i am holding it too (for a while)... looking great recently... should be some resistance around currently level..report should be pretty good..

yes short term resistance at 1.35 but big buyers there to meet the selling so once selling drys up of to highs hopefuully

[bull....]

pie funds buying up big- gotta be good as they are pretty savy investors

[percy]

pie funds buying up big- gotta be good as they are pretty savy investors

Yes they have an excellent record.
I think MNY presented at Pie presentations earlier this year.
Yet their buying of SDI has left me puzzled.

[babymonster]

would be happy with closing at 1.4... break the resistance... just say a 1mil share transaction at 1.35 wondering who's that for..

[bull....]

opening high came back and touched and held the breakout 1.36 level looks bullish

[bull....]

nice result looks cheap on next yrs outlook I reckon

[NZSilver]

nice result but im out, was in for a good time not a long time.

[Joshuatree]

Up another 15% today fellas to $1.69; double bagger not far away. holding tight atp.

[bull....]

pie topping up shareholding always positive esp when they buying at current prices

[bull....]

bell potter has commenced research coverage with a price target of 2.40

[Joshuatree]

Aust micro cap Investment conference may hav helped the s/p to $1.84 :)
Download Document 635.75KB (http://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvFDZpiw e%2Fl1O%2Bo%2Bh08cZNT7rIHoEXVxBvO1HhlFA%3D)

[carrera]

looks good and i've tried to get in before, one thing bugs me at the moment is how a downturn would affect car loans.

[carrera]

struggling to work out where this is going. fundamentals look good, market spooked by possible bad debts in future?