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Prospa Group Expands Equity with New Shares

Prospa Group Ltd. (AU:PGL) has released an update. Prospa Group Limited has announced the issuance of 471,539 new fully paid ordinary shares on Mar...

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Prospa Group Announces Termination of Securities

Prospa Group Ltd. (AU:PGL) has released an update. Prospa Group Limited has announced the cessation of 426,361 options and 422,158 performance righ...

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Prospa's Successful $200M Securities Offering

Prospa Group Ltd. (AU:PGL) has released an update. Prospa Group Ltd. has successfully priced its third public asset-backed securities offering, rai...

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Could Star Entertainment shares be next in line to catch a takeover bid?

Could Star Entertainment shares be next in line to catch a takeover bid?
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Australia's best performing micro cap fund in 2021: Magnolia Capital

SYDNEY, March 3, 2022 /PRNewswire/ — Boutique investment and advisory firm Magnolia Capital has released its CY 2021 data that confirms...

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The Prospa (ASX:PGL) share price is up 12% today. Here's why

The
Prospa Group Ltd(ASX: PGL) share price is gaining today following the company’s release of a positive trading update.
The financial technology company detailed its performance during the fourth quarter of the 2021 financial year.
At the time of writing, the Prospa share price is trading 12.21% higher at $1.195 after hitting a new 52-week high of $1.20 earlier today.
Let’s take a closer look at today’s news from Prospa.
The quarter that’s been
In its release, Prospa reported record originations and revenue growth. The company’s revenue for the quarter just been was $33.4 million – 17% higher than the previous quarter.

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This ASX share's rocketed 113% but is still good value: fundie

Millennials + gen Z = a huge market
Shaw and Partners senior analyst Danny Younis reckons non-bank lenders have a big advantage with younger consumers.
“Millennials and generation Z are less likely to use cash these days. They’re less likely to use credit cards these days,” he said in the podcast.
“And they’re very distrustful of the big four banks.”
This factor gives Wizr a massive total addressable market (TAM) lending just in this country.
“The market is huge. Right now the TAM is $100 billion in Australia,” said Younis.
“And a big chunk of that is credit cards… Credit card debt in Australia is running at about $40 billion. That is a huge issue.”

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4 ASX shares with director buys this month

4 ASX shares with director buys this month
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