As expected the annual report reads well.
First mortgage security is a very big plus.
A good equity ratio and strong liquidity, means GEN are in a sound position to take advantage of growth prospects https://www.nzx.com/announcements/394640
Should any one read the annual report would they please comment.
In particular on their first mortgage loan security,their equity ratio ,their business model of providing property bridging finance,mainly through brokers.And lastly their business prospects.
Interesting seeing GEN's share price on reasonable volume.
I did note GEN got a mention in The Headliner.Perhaps that has created a bit of interest.?
Lending space very competitive at the moment with the slowdown in the property market.In the 2nd tier space if these guys have a good ,clean book , there
will be some good opportunities for them over the next couple of years .
DISC: Holding, buying.
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