Potential growth27 Dec 2020 10:59
To get an idea of potential growth, I referred to the quarterly gross origination numbers given in 28.9. RNS:
Value (Euro) Dec 19 31.03.20 30.06.20 30.09.20
Gross origination 972m 1.22bn 1.43bn 1.64bn
By my calcs, the above equates to 19% compound quarterly growth rate and so by extrapolating out by another five quarters to end of 2021, I get EUR 4.2b (approx £1b). So to be prudent, assuming an average fee of 2.5% (I note one poster wrote it's 3%), this gives me a reasonable MC at 10 x revenue of EUR 1b (£900m) which equate to a SP of 2.74p.
So depending on how you value the company (using P/E or multiples of revenue) given the potential high growth rate, the upside for the SP next year is enormous.
All looking rosy here. Enjoy the rest of your Christmas break!