Pepper Group - PEP

[bull....]

Could be really undervalued going forward for the reasons listed in the article

http://www.smh.com.au/business/banking-and-finance/apra-crackdown-is-good-news-for-some-lenders-20170615-gws8na.html

Reason i began buying in april so has run a bit already but if you agree with the article could till be cheap

[Joshuatree]

Great! thanks Bull. heres a piece of the article; great niche developing
"The particular attraction for mortgage brokers in having unregulated lenders in their portfolio is that it gives them another string to their bow when banks are forever suspected of wanting to further reduce commission.
Anyone can walk into a bank, credit union or building society and apply for a loan, or use the comparison sites to shop around, but the broker becomes more valuable when a loan is not entirely plain vanilla.
The unregulated players have only a tiny role in an Australian mortgage market dominated by the big four, but APRA's efforts to keep the financial system stable is helping to rapidly grow their niche.
Pepper Group is listed on the ASX. Its shares are up 42 per cent over the past year. The S&P/ASX 200 banks index is up 14 per cent.
Its Australian residential mortgage business saw a 36 per cent rise in new originations in 2016 to $2.53 billion. The results announcement noted system growth across the whole market had been 6.5 per cent. The company pulled up short of thanking APRA on that occasion, but co-CEO Patrick Tuttle subsequently told the AFR (http://www.afr.com/business/banking-and-finance/financial-services/lending-limits-on-banks-to-boost-pepper-liberty-and-other-nonbank-lenders-20170325-gv6ics#ixzz4k4x3fcBr):
"Clearly any additional macroprudential policies imposed by APRA could give rise to increasing loan applications in the non-bank sector." "

[bull....]

received takeover notice

http://www.asx.com.au/asxpdf/20170705/pdf/43kfhghbv6yn39.pdf

said it was cheap , now proves it with a low ball offer

[bull....]

http://www.asx.com.au/asxpdf/20170720/pdf/43krk9d9j7x870.pdf

pepper launches takeover off spanish bank

[macduffy]

http://www.asx.com.au/asxpdf/20170720/pdf/43krk9d9j7x870.pdf

pepper launches takeover off spanish bank

Described as a "bank" but more a Portugese auto finance provider than a bank?

[bull....]

Described as a "bank" but more a Portugese auto finance provider than a bank?

think they described it as bank because of there mortgage lending stuff which has stopped and being run down , but yes predominatly auto loans now which fits nicely with there other spanish bank they have.

By the way someone posted on hotcopper that duest bank raised there price target to 4.55

[bull....]

pepper accepts bid

http://markets.businessinsider.com/news/stocks/r-australias-pepper-group-accepts-kkr-takeover-offer-2017-8-1002246181

nice gains for s/h + div and option of continuing the ride.

[bull....]

great news pepper just got an increased takeover offer

http://www.asx.com.au/asxpdf/20170925/pdf/43mlp0szrny15r.pdf

[bull....]

adding a special dividend of 10c per share on top of the 3c dive already announced cool :)

thx to perpetual for getting the extra 10c