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07-02-2024, 12:54 PM
#1001
Originally Posted by Forrestdun
Almost 50% gain in 5 days is always good.
Disc hold
They are targeting 20% roe run rate in fy2025.
5c dividend in 2026?
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07-02-2024, 01:00 PM
#1002
Member
I wouldnt support a dividend payment but if they wanna give me money I wouldnt say no
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07-02-2024, 01:09 PM
#1003
Crikey..
Do not know why the share price has lifted,but about time.....lol.
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07-02-2024, 01:15 PM
#1004
Still way under for me but love to see it.
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07-02-2024, 02:45 PM
#1005
Originally Posted by percy
Crikey..
Do not know why the share price has lifted,but about time.....lol.
FEBRUARY 4, 2024
DATAROOM
Global investors sniffing around non-bank lenders
International private equity groups have been swooping on the Australian market of late, eager to understand the merits of buying a listed non-bank lender.
By BRIDGET CARTER
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07-02-2024, 02:55 PM
#1006
Originally Posted by Muse
[FONT="]FEBRUARY 4, 2024
[/FONT]
[FONT="]DATAROOM
Global investors sniffing around non-bank lenders
International private equity groups have been swooping on the Australian market of late, eager to understand the merits of buying a listed non-bank lender.
By BRIDGET CARTER
[/FONT]
Thanks for the heads up.
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07-02-2024, 11:04 PM
#1007
Member
Or maybe someone's had a sneak peek at the earnings report coming out later this month percy.
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20-02-2024, 07:03 AM
#1008
This from For Bar this morning.
Harmoney Corp (HMY.AX) is Australasia's largest online direct personal lender. Its innovative online lending platform utilises comprehensive data insights, AI and machine learning to price and approve loans automatically, providing accessible and efficient financing at competitive rates. HMY's disruptive tech-driven platform, and its recently completed transition from a peer-to-peer platform to a diversified funding structure, position it well for growth as we approach an inflection point in the economic cycle, with interest rates set to decline. We expect HMY to capture market share from slow-moving and constrained incumbents in the significant ~A$159bn Australasian personal lending market, aided by the rollout of its Stellare® 2.0 lending platform opening new market segments and driving greater user conversion. Given its highly scalable tech platform, we are excited by the potential for HMY to generate significant operating leverage as it grows its loan book, driving the cost-to-income ratio down from an already impressive ~24% to ~17% by FY34. Near-term economic weakness presents a headwind for HMY, and we forecast a contraction in cash profit to A$0.9m in FY24 and a normalised loss of -A$3.3m (see Appendix 1: Explaining ‘normalised’ and ‘cash’ NPAT). However, we are attracted to the long-term growth potential and operating leverage opportunity, reflected in our spot valuation of A$1.27.
link
NZX Code |
HMY |
Share price |
A$0.59 |
Spot Valuation |
A$1.27 |
Risk rating |
High |
Issued shares |
102.0m |
Market cap |
A$59.6m |
Avg daily turnover |
37.1k (A$16k) |
link
Financials: Jun/ |
23A |
24E |
25E |
26E |
Rev (A$m) |
105.5 |
123.2 |
135.4 |
156.1 |
NPAT* (A$m) |
0.2 |
(3.3) |
1.9 |
8.2 |
EPS* (Ac) |
0.2 |
(3.2) |
1.9 |
8.1 |
DPS (Ac) |
0.0 |
0.0 |
0.0 |
0.0 |
Imputation (%) |
0 |
0 |
0 |
0 |
*Based on normalised profits |
link
Valuation (x) |
23A |
24E |
25E |
26E |
PE |
n/a |
n/a |
30.8 |
7.2 |
EV/EBIT |
n/a |
n/a |
n/a |
n/a |
EV/EBITDA |
n/a |
n/a |
n/a |
n/a |
Price / NTA |
0.5 |
0.5 |
0.5 |
0.6 |
Cash div yld (%) |
0.0 |
0.0 |
0.0 |
0.0 |
Gross div yld (%) |
0.0 |
0.0 |
0.0 |
0.0 |
Laying the platform for the next stage of growth
Founded in NZ in 2013, HMY has since expanded into Australia and completed a transition to a diversified funding structure. Integrating technology into the direct-to-consumer model has streamlined processes, reduced operational costs, and driven efficiencies. Since its 2020 ASX IPO, HMY has grown its loan book to A$756m. With its funding model and next-generation lending platform, Stellare® 2.0, launching into the market, HMY is poised for continued growth over the next decade.
Navigating a path to best in sector returns after a challenging macroenvironment
HMY is on a trajectory of growth and increasing core profitability. However, rising interest rates have dampened borrower demand and a lift in incurred losses is likely to squeeze margins this year. Expansion of the loan book, technical innovation, and a discernible cost-to-income ratio reduction exemplify the company's drive for operational efficiency, sustainable long-term ROE, and growth.
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20-02-2024, 11:27 AM
#1009
Member
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20-02-2024, 08:20 PM
#1010
Originally Posted by Forrestdun
$1.27 would be very nice
might be a long wait
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