Wilson HTM sees possible Money3 legislation hurdle

Wilson HTM has a “buy” recommendation on Money 3 Corporation and a $1.88 target price target price, noting that the consumer financier had “sector-leading growth in its non-conforming loan book”.

Will WillittsDesk editor

Updated Mar 4, 2015 – 10.37am, first published at 6.11am

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Wilson HTM has a “buy" recommendation on Money3 Corporation and a $1.88 target price, noting that the consumer financier was “posting sector-leading growth in its non-conforming loan book with the fastest growth coming from secured car loans, funded by a mix of new debt and equity".

“Bad debt performance remains relatively benign. The broader sector is entering a period of renewed regulatory scrutiny of its lending practices.

Will Willitts is a Sydney-based desk editor; previously posted in Washington, Frankfurt, Mexico City and Ottawa, he has worked with Reuters, Bloomberg and Dow Jones.