Small Cap Stocks Down Under 18 December 2020: Plenti Group, Elanor Investors Group, Thorn Group
Plenti Group: Plenty to like about this tech savvy lender
In today's edition of Small Cap Stocks Down Under, based in Sydney, Plenti Group is a small loans company that uses its user-friendly technology platform to connect consumers with its lending offerings. Its products include automotive, renewable energy and personal loans. Plenti sources it funds from various places, including retail “funders”. It then turns around and offers interest-bearing loans, while leaning on an efficient, technology-based operating model. From its early days as strictly a peer-to-peer lender, Plenti has gathered funds from banks, fixed income funds and even a superannuation fund, strengthening its financial backbone. Since its $280m September 2020 IPO, Plenti Group shares have declined in value creating, what we believe is, an attractive entry point for new investors.
Also in today's edition, a look at real estate fund manager Elanor Investors Group (ASX: ENN) and financial services company the Thorn Group (ASX: TGA).
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Click here to read the previous edition of Small Cap Stocks Down Under published 11 December 2020