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Propell Holdings Ltd. ( (AU:PHL) ) has shared an announcement.
Propell Holdings Limited has introduced a new ‘Low Doc’ credit assessment model, allowing loans to be assessed using bank statement data instead of financial statements. This initiative aims to improve risk management and increase deal flow by providing a more accurate assessment of customer profitability and loan serviceability. The company reported a year-to-date net cash outflow from operating activities of $122,000, with a Q3 FY25 outflow of $227,000. Despite these outflows, Propell’s cash balance remains strong at $982,000, and the company is on track to meet its business objectives. The company has also announced its intention to delist, with the last day of quoted securities anticipated to be May 2, 2025.
More about Propell Holdings Ltd.
Propell Holdings Limited is a leading finance platform focused on small and medium-sized enterprises (SMEs). The company specializes in providing financial services and products tailored to the needs of SMEs, with a market focus on enhancing loan accessibility and risk management.
YTD Price Performance: -45.00%
Average Trading Volume: 387,626
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$1.95M
See more insights into PHL stock on TipRanks’ Stock Analysis page.