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 :)
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
Resimac RMC targets bigger share of ‘healthy’ home loan market
*article in "The Australian" 31/8 @6:28pm (sorry unable to provide link)
*as covered in the motley fool