HMY - Harmoney Corp Limited

[Balance]

Harmoney only deals with high value consumers

And the system has billions of data points to weed out the chaff

No worries about default

Why would high value customers borrow from Harmoney?

Surely they can access cheaper credit from banks?

[Rawz]

You are right about the sentiment for this sector. Afterpay is quite different to harmoney in that theyll lend to anybody, huge amounts of fraud apps.

Lets see how Harmoneys lending scorecard works.

Yes agree. After pay and Zip are like those payday lenders. Shocking stuff really. I think HGH have some exposure to them via their wholesale lending. Game over once they are brought under the CCCFA legislation

[winner69]

Why would high value customers borrow from Harmoney?

Surely they can access cheaper credit from banks?

Maybe people running banks are really bad .... let a machine do it
Sort of funnny story

https://www.stuff.co.nz/business/128...llington-woman

[winner69]

With a chart like this HMY should be trading close to its IPO price .... what was that again

Something weird though - the HMY share price chart has a different shape - almost like there's a negative correlation between income and share price

[Rawz]

Classic bank story.. homeowners, good jobs, perfect repayment history= decline. Lol.

now apply that experience to wanting to borrow some money to reno the backyard or have a wedding or go on holiday… no worries for HMY

[winner69]

Origination CAGR +152%

HMY share price CAGR -50%

Wow $3.75 to $1.20 in 18 months

If share price driven out of Australia it seems that Aussies have no clues at all - not surprising

[Habits]

Maybe people running banks are really bad .... let a machine do it
Sort of funnny story

https://www.stuff.co.nz/business/128...llington-woman

That's a crackup, am glad they told their story thanks Winner

[Rawz]

It’s highly confusing Winner

BTW- your new signature is very good

[Balance]

Origination CAGR +152%

HMY share price CAGR -50%

Wow $3.75 to $1.20 in 18 months

If share price driven out of Australia it seems that Aussies have no clues at all - not surprising

Double edged sword listing on ASX?

Done much much better than Zip which has dropped 91% in 1 year?

[jimdog31]

Double edged sword listing on ASX?

Done much much better than Zip which has dropped 91% in 1 year?

Zip is essentially a pay day lender, so a much higher exposure to the wrong types of customers

My impression of the way Harmoney lends is based on actually checking credit scores etc, not just making sure the applicant has a job.

curious to know why Harmoney gets lumped in with these guys when they are very different customer profiles.