Resimac RMC

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    The Australian Financial Review reported that Resimac RMC is preparing a $1 Billion residential mortgaged-backed security (RMBS) deal that would be cheaper (for Resimac) than the last one it did in May.

    Excellent prospect's/potential then going forward in FY 2021/22 noting that RMC reports it's results to the market next Tuesday :)

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    Very nice uptick this morning with RMC @ $2.38 +4.85% on good volume already :)

    Cheers tela

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    Resimac RMC prices $1Billion RMBS transaction as announced last Friday mid-afternoon 27/08 :)

    *and report full year results tomorrow Tuesday 31/08

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    RMC declared 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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    Resimac RMC targets bigger share of ‘healthy’ home loan market​

    *article in "The Australian" 31/8 @6:28pm (sorry unable to provide link)​

    https://www.********.au/2021/08/31/resimac-asxrmc-share-price-lifts-on-104-million-profit/

    *as covered in the motley fool

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    RMC now @ $2.50 +2.88% noting goes ex-dividend on Friday 3rd September.

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    Since going ex-dividend RMC dropped back down to about $2.33-2.38 range.... believe this is quite cheap imo on current metrics & low P/E ratio etc.

    Refinancing of mortgages & home loans etc. is booming across Australia coinciding with spike in property prices as well.

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