Share to buy – Money3 Corporation
Posted on January 21, 2015
Money3 Corporation provides small and micro-cap loans for individuals in need of quick finance, with amounts ranging from as little as $100 to $20,000.
The company has significant insider ownership and has provided exceptional returns over the last five years.
In FY14 it grew basic earnings per share by 32%.
However the company recently said it expects record revenue and profit in FY15.
With a large market place, good financials, a 3.5% fully franked dividend and only around 70 stores in operation, the future is looking bright for the company.
On the technical front, the MNY is chart is displaying a solid bullish structure.
The shorter-term EMAs are crossed higher and the price action is above the longer-term EMA filter, which is positive.
We have a valid, traditional uptrend in place, characterised by a series of higher lows and higher highs.
We also have an ascending triangle forming, the upper boundary of which sits at $1.60.
Traders can now look to buy the breakout, targeting $1.85.