Australiaâs top online lender to small business, Prospa Group Limited (ASX: PGL) anticipates the CY19 originations to be over the Prospectus forecast at $574.5 million, up 32% on pcp and up 2.7% ahead of Prospectus forecast:
- Revenue is anticipated to be $12.6 million lower at $143.8 million, up 16% on pcp and down 8% on Prospectus forecast;
- The variance is catalysed by the premiumisation strategy exceeding PGLâs forecast;
- The Company has been witnessing a soared appetite for its solutions from premium credit quality customers, who pay lower interest rates over longer terms, as it continues to grow its lending to all credit grades.
At 1:06 PM AEST, PGL quoted $2.800, down by 27.4%.