HMY - Harmoney Corp Limited

[KJMLimited]

Wait until the repeat loan business starts kicking into the AU portfolio. Then you'll see real growth.

[Rawz]

How do you value these fintech direct to consumer lending businesses?

Well Latitude Group recently announced they paid AU$200M for Symple. A direct to consumer lender in Aus.
Symple has a $53m loan book which it grew over 25 months.

Lets check against HMY Aussie loan book... currently 3x Symple at $155m. It has increased $54m in 9 months.
Total book inc NZ is $517m

HMY market cap currently au$192m... hmmmmm

HMY cheap as!

[winner69]

How do you value these fintech direct to consumer lending businesses?

Well Latitude Group recently announced they paid AU$200M for Symple. A direct to consumer lender in Aus.
Symple has a $53m loan book which it grew over 25 months.

Lets check against HMY Aussie loan book... currently 3x Symple at $155m. It has increased $54m in 9 months.
Total book inc NZ is $517m

HMY market cap currently au$192m... hmmmmm

HMY cheap as!

You’ve said HMY is a billion dollar company ….on those metrics its a 2 billion dollar company ….hmmmmm

[dabsman]

You’ve said HMY is a billion dollar company ….on those metrics its a 2 billion dollar company ….hmmmmm

This share is cheap. I'm buying all I can as soon as funds come free. Double in 18 months I'm thinking

[dabsman]

Good news for NIM

HARMONEY PRICES $105M INAUGURAL ABS TRANSACTION Key highlights:
• Validation of Australian loan book o Top tranche of AAA rating (Moody’s) achieved with 34% credit enhancement
• Material reduction in cost of funds o Day 1 weighted average interest rate of 1.45% + 1 month BBSW
• Significant release of capital o 50% reduction in Harmoney’s capital required compared to existing warehouse
• Harmoney has also been awarded 4th place in the AFR BOSS “Most Innovative Companies 2021” for its Libra™ automated real-time credit scoring platform

[Rawz]

Good news for NIM

HARMONEY PRICES $105M INAUGURAL ABS TRANSACTION Key highlights:
• Validation of Australian loan book o Top tranche of AAA rating (Moody’s) achieved with 34% credit enhancement
• Material reduction in cost of funds o Day 1 weighted average interest rate of 1.45% + 1 month BBSW
• Significant release of capital o 50% reduction in Harmoney’s capital required compared to existing warehouse
• Harmoney has also been awarded 4th place in the AFR BOSS “Most Innovative Companies 2021” for its Libra™ automated real-time credit scoring platform

Good news indeed:
Funding costs going down
Bad debts going down
Lending volumes going up
share price going down lol wot

[peat]

I wouldnt want to be on the other side of these ABS myself

[dabsman]

Not too concerned with share price currently. Volume is so low even I can move the market

[Rawz]

Not too concerned with share price currently. Volume is so low even I can move the market

I am in two minds. Lower SP lets me accumulate more. Higher SP good for my portfolio returns.

Long run it doesnt matter. I think half year will be a stunning result.

[dabsman]

I am in two minds. Lower SP lets me accumulate more. Higher SP good for my portfolio returns.

Long run it doesnt matter. I think half year will be a stunning result.

+ 1 except I dont care about portfilio returns at present with this one as its only a small part of portfolio. It wont be for long