New Blog out today from CHF on PKK, excellent readinghttps://chfcapital.com/cms/wp-content/uploads/Peak-Positioning-and-Chinese-Commercial-Lending-P-August-6-2018.pdf
Some very important points - see this paragraph:
"Let’s take a look at some numbers to see what all of this means for Peak shareholders. Let’s assume Peak earns 1.5% on all loans done on Cubeler (again, the percentage that the company earns on the loans has not yet been disclosed, so we’re just guessing here). With a current annual lending capacity of $240M, Peak would gross $3.6M per year in Cubeler service fees. Now here comes the interesting part. The first two lenders to join Cubeler (other than ASFC) brought a total of $220M to the platform for an average of $110M per lender. There are apparently over 8,000 lenders in China. Using an average of $110M per lender, imagine for a moment what Peak’s revenues would look like with 10, 20, 50 or even more lenders on the platform."