PLT - Plenti Group

Heh, heh does this indicate that NAB anticipates that the Plenti share price will go higher?

and holding on to gains ...


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market cap of $130 million.
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"The company's financial result was decent, delivering $1.5 million of cash net profit after tax," Forager stated in a report on Plenti to its clients.

"Its $2 billion loan book was 29% higher than the prior year. And bad debts, while rising, are still within expectations at just under 1% of portfolio value."

Pleasant enough, but is that really worth a doubling of the stock price in 20 days?

Of course not. The major catalyst was a new deal with National Australia Bank Ltd.

"The behemoth will use Plenti to underpin the technology for its auto loan offering, including loan applications, credit assessments and loan management.

"Importantly, Plenti does not put its balance sheet to work in the deal, instead making a fee for each loan written and serviced."

Forager analysts calculate that if the loan book from NAB grows to $1 billion, it would be worth $20 million of "high-margin revenue" for Plenti.

"With NAB's brand name and marketing, this looks likely."
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DNH

Good afternoon
No posts for 17 or so months.

Where is PLT at?? ... FY25 results announcements (see attached - 21/05/25):

Financial highlights
• Cash NPAT of $13.8 million, up 126% on PCP
• Statutory profit of $24.7 million, with underlying statutory profit of $6.4 million
• Loan originations of $1.4 billion, up 18% on PCP
• Closing loan portfolio of $2.5 billion, up 19% on PCP • Revenue of $259 million, up 23% on PCP
• Robust credit performance, with a 1.10% net loss rate Plenti delivered on all three elements of its market guidance for FY25 across growth, profitability and efficiency.

Operational highlights
• Materially reduced cost-to-income ratio to 23.9% from 26.5% in PCP, evidencing operating leverage inherent in Plenti’s technology-led business model
• Delivered further advancements to Plenti’s proprietary technology platform, including significant enhancements to automated credit approvals and integrations with key partners
• Increased repeat and cross-sell originations from existing customers
• Completed three ABS transactions for a record annual issuance of over $1.3 billion

Chart Update:
Daily


Not holding

Kind regards
rcw1