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Money3 Corporation Limited ( (AU:SVR) ) has issued an update.
Solvar Limited has announced the sale of its New Zealand arrears loan book for NZ$8.0 million, with a potential additional NZ$1.4 million based on future performance. This move allows Solvar to monetize an asset with no current balance sheet value and expedite its exit from the New Zealand market. As a result, a special fully franked dividend of 2.5 cents per share will be paid to shareholders in January 2026. The company will focus on capital management by prioritizing special dividends over share buybacks, aligning with the collection of the remaining active loan book in New Zealand.
The most recent analyst rating on (AU:SVR) stock is a Buy with a A$1.85 price target. To see the full list of analyst forecasts on Money3 Corporation Limited stock, see the AU:SVR Stock Forecast page.
More about Money3 Corporation Limited
Solvar Limited is a leading consumer and commercial finance company with over 20 years of experience in Australia and New Zealand. The company specializes in the used-vehicle finance market and offers a seamless loan application process through brokers, online, or directly to the group, having funded over $3 billion in vehicles and personal loans.
Average Trading Volume: 282,591
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$310.5M
Find detailed analytics on SVR stock on TipRanks’ Stock Analysis page.