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Mmm I bought a few @ 41c before coming down further but bought in earlier at 1.91 and didn't feel like pouring any more money into HMY unfortunately.
Hopefully will see a positive impact on the HGH SP which I carry exposure to HMY as my largest holding.
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Quote:
Originally Posted by
percy
Stunning ....
That is good to hear. Market agrees.
I thought I was being bamboozled :scared:
Disc: hold.
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Another update. Another good result. Still waiting for a insto to pick this up on their radar though.
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Quote:
Originally Posted by
winner69
Stellare results
At last and well overdue IMHO.
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From Devon …..bad news for Credit Corp good news for lenders …
On the downside Credit Corp shares fell nearly 13%. The company said that the number of Australians in distress and struggling to pay their credit card bills is low, and not increasing much despite sustained interest rate rises, and cost of living pressures. Credit Corp’s business is buying books of distressed credit card and personal loans debt from banks. The company has grown its loan book (in Aus/NZ and the US) but management said that the Australian consumer is “still in really good shape” with few borrowers either in arrears or default. What’s bad news for the distressed lender is a good news story for the Aussie economy.
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SP warming up a bit from the open today.
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just need to follow the unemployment rates to know how bad credit will get.
at the moment everybody still working so can skate on by
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Harmoney Corp Limited (ASX:HMY) (Harmoney or the Company) is pleased to announce the pricing of its inaugural NZ ABS transaction, the NZ$200million Harmoney NZ ABS 2023-1 Trust.
Highlights:
• NZ$200million ABS priced for New Zealand personal loans-backed securities originated by Harmoney with a weighted average margin (at close) on the rated notes of 313bps over one-month BKBM achieved.
• First public non-credit card consumer ABS transaction in NZ.
• Prime quality loan book achieved AAA Moody’s Rating for $125.4m (62.7%).
• The facility adds to current capacity within the group, now at $330 million.
The inaugural ABS transaction has been arranged by the Bank of New Zealand, with Joint Lead Manager Commonwealth Bank of Australia.
The transaction will add materially to Harmoney’s capacity and delivers further diversification of Harmoney’s funding to support continued growth in the loan book, which was $744 million at 30 June 2023.
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This ABS is good and something FM said will deliver big interest cost savings. Hopefully he adds a comment or two :)