Alternative credit provider to those got no where to go for $$ help. Initially, I was surprised with the opening of such "traditional" shop in new urban township 2 years ago, but they are still operational today. There is demand for their credit services....
As long got business, sure earned business lending with collateral of gold. No afraid of default as value of placed gold are far more than lending. Interest is on per month basis, normally 1--2 percent.
Cannot. All buy then all waiting to go up. Volume will disappear monday n price will fall. You run, i run mode monday. So better run b4 the crowd today. Make or lose, get out b4 market close.
Beb ini legal ah long ppjack yakin boleh gigit RM 1.00 bukan macam itu melimkop azab.. >> azab senheng The way the boss / management of PPJACK Goleng was fantastic..top class A unlike shameless sh*theng IPO , the moment the boss knocked the GONG at 9 AM - straight away collapsed liao till today beyond repair
Someone mentioned miti gang selling? No volume monday? Price gonna crash?? Goes to show whoever tries to predict stock price will only look like a fool
Proceeds from IPO solely to boost expansion & loans growth.
From the RM50.10 million in proceeds raised from the IPO, RM27.08 million will be allocated for the cash capital of Pappajack’s existing 20 pawnbroking outlets while RM19.22 million will be used to fund the expansion of Pappajack’s pawnbroking outlets, and the remaining RM3.80 million to be utilized for listing expenses.
as i know, traditional pawnshop never close shop! although smaller monetary dealings, their profits r better than d banks! this kind of modern pawnshop business will hv more customers as they service ppl in need of quick money!
Growth being Jacked -Up ----------------------------- Projecting a 3-year earnings CAGR of c.26.6% for Pappajack, mainly driven by the expansion of pawnbroking outlets (+20%) and growing capital (+40%)
With a total capital of >RM150m (including IPO proceeds) available for loan, interest income could potentially reach RM27m, assuming an average interest rate of 18% pa
While we bake in higher operating and staff costs in relation to outlet expansion, operating leverage could cushion net margin once the newer outlets gain traction and mature
At an implied 12x P/E, its 3-year earnings CAGR of 26.6% triumphs the industry average, supported by outlet expansion, growing cash capital, and newly found listing status
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
SureWin1Woh
838 posts
Posted by SureWin1Woh > 2022-03-26 20:20 | Report Abuse
Alternative credit provider to those got no where to go for $$ help.
Initially, I was surprised with the opening of such "traditional" shop in new urban township 2 years ago, but they are still operational today. There is demand for their credit services....