Resimac RMC prices $1Billion RMBS transaction as announced last Friday mid-afternoon 27/08
*and report full year results tomorrow Tuesday 31/08
Resimac Group RMC
NPAT of $104M +87% on the prior year!
Strong growth in all metrics including 2H settlements – FY22 growth guaranteed!! Return on Equity 37%. Increased fully franked dividend
They are currently developing a new asset finance division. A genuine non-bank lender with their own warehouse funding facilities. Revised growth strategy….
FY24 target of $9B annual settlements is huge!
Recent broker/analyst valuation $3.50c+ but take that with a grain of salt imo
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