Originally Posted by
KJMLimited
The business model is robust. It's just a question of valuation. Of course it looks expensive, as they make no profit. As for TA, with 4 months data to work off, how meaningful is that approach? Audited accounts are due Early next week plus a forecast (there was only a 1 month forecast in the IPO) so more to work off. Maybe. But there's nothing wrong with the business model. Let's not forget either that the guys behind it have been there done that in the personal lending market in Oz.