February 2024
- Opinion
- Chanticleer
Prospa started ASX life with a bang. It’s ending with a whimper
Six years after Prospa’s bizarre IPO, it is being taken private at a bargain price. Some companies just shouldn’t list.
- James Thomson
November 2022
Prospa fronts investors for $200m securitisation deal
Westpac flagged the deal with clients on Thursday morning.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
March 2022
Martin Moshal in private jet mystery
The ownership of Australia’s newest Global Express 7500 is something of an enigma.
- Joe Aston
February 2022
Prospa sets plans to be more bank-like without becoming a bank
Shares in the online lender opened 18 per cent higher as its half-year loan originations, revenue and earnings hit record levels and exceeded expectations.
- James Eyers
January 2022
Prospa expanding into tech for SMEs
The small business lender says the pandemic should become more manageable as loan originations jump in the second quarter.
- Ayesha de Kretser
August 2021
- Opinion
- Chanticleer
What we learnt: Reliance Worldwide, WAM Microcap, Prospa
Reliance shows how to live with delta, WAM hunts unloved little gems, and Prospa delivers some good news about SME resilience.
- Updated
- James Thomson
July 2021
No speeding ticket for Prospa shareholders
Observers of the small business lender point out Prospa shareholders are prone to regular bouts of exuberance despite a lack of new information.
- Michael Roddan
May 2021
Bank bias of SME loan scheme ‘unfortunate’
Fintech lender Prospa says the federal government’s loan guarantee scheme could have been more ambitious.
- James Frost
February 2021
Prospa ends loan deferrals amid confidence boom
The ASX-listed company said demand for its small business loans was nearing pre-pandemic levels, as it revealed a sharp drop in revenue and an interim loss.
- Michael Roddan
January 2021
- Opinion
- Chanticleer
Forget stocks, animal spirits rising where they matter most
A steady increase in lending to small businesses at online lender Prospa is a welcome sign of renewed confidence in the engine room of the economy.
- James Thomson
Prospa loans up 26pc as SME confidence rebounds
CEO Greg Moshal said small business demand for capital has increased “faster than previously expected” following a woeful 12 months for the fintech lender.
- Aleks Vickovich
November 2020
ASX gains 1.3pc as Biden edges closer to victory
The Australian sharemarket rallied into the close as counting saw Joe Biden inch closer to claiming the Oval Office. NAB gained 3.3 per cent after full year earnings. Treasury sunk 8 per cent as it halted its Penfolds demerger. Afterpay, Xero, and REA Group closed at record highs.
- Updated
- Robert Guy, Vesna Poljak, Sarah Turner, William McInnes, Tom Richardson and Luke Housego
October 2020
ASX falls 1.6pc; Seek tumbles on activist attack; Ares eyes AMP
The Australian sharemarket closed below 6000 points. JB Hi-Fi tumbled 6.2 per cent after first quarter update. Seek fell 5.9 per cent after activist Blue Orca questioned its China business.
- Updated
- Robert Guy, Vesna Poljak, Sarah Turner, William McInnes, Luke Housego and Tom Richardson
September 2020
Banks rally lifts stocks to best week since mid-August
The sharemarket advanced 1.7 per cent over the week as banks enjoyed a massive rally on Friday. Westpac's 7 per cent surge helped steer the S&P/ASX200 Index 1.5 per cent higher on Friday as the government moved to relax responsible lending rules.
- Robert Guy, Vesna Poljak, Sarah Turner, Luke Housego and Tom Richardson
ASX falls; Westpac forecasts 15pc house price boom
The sharemarket fell 1.2 per cent on Thursday as Fortescue Metals Group paced losses among iron ore miners after a downgrade from Morgan Stanley. Mineral Resources fell 9 per cent. Property plays Scentre, Mirvac and Dexus rallied. The jobless rate fell to 6.8 per cent in August.
- Robert Guy, Vesna Poljak, Sarah Turner, William McInnes, Luke Housego and Tom Richardson
August 2020
ASX up 0.2pc; NEXTDC meets guidance; Fortescue hits record
The S&P/ASX200 Index gained 9.8 points, or 0.2 per cent, t o 6126 points as iron ore miners offset weaker banks. Appen slumped as earnings, sales fall short. Woolworths gained 2.8 per cent on strong sales in July and August.
- Robert Guy, Vesna Poljak, Sarah Turner, William McInnes and Tom Richardson
June 2020
- Opinion
- Chanticleer
Prospa shows small business is in a deep freeze
Online small business lender Prospa's monthly run rate is a 10th of what it was in the March quarter due to the great business hibernation.
- Updated
- James Thomson
April 2020
For Prospa, the ASX rings twice
The bourse is all over the listed SME lender like white on rice.
- Joe Aston
Dilemma facing non-bank lenders and their customers
"It's just layered another level of debt on my head, even if I negotiate my way out of this."
- Jemima Whyte
Prospa will cut loan rates with government guarantee
Shares in the online small business lender surged after the company announced it would become part of the federal government’s SME Loan Guarantee Scheme.
- James Thomson