Propel Holdings Inc T.PRL

Alternate Symbol(s): PRLPF

Propel Holdings Inc. is a Canada-based financial technology (fintech) company focused on credit inclusion by facilitating access to credit through its online lending platform. The Company, through its brands, offers credit solutions to consumers in Canada and the United States. Through its end-to-end, artificial intelligence (AI)-powered online lending platform, it facilitates access to credit products for underserved American and Canadian consumers who struggle to access credit from mainstream credit providers. It operates three consumer-facing brands, which directly offer or facilitate access to credit: MoneyKey and CreditFresh in the United States and Fora Credit in Canada, in addition to the Pathward Lending-as-a-Service program. The two types of credit products available through the Propel platform are Installment Loans and Lines of Credit. In the United States, the MoneyKey direct lending program and CreditFresh Bank Programs are supported by two revolving credit facilities.

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Propel Holdings Inc

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Post by retiredcfon Mar 22, 2024 6:45am

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Post# 35946497

Panic-Proof Portfolio

TOP PICK

Propel Holdings(PRL-T)

21/03/2024

Stockchase Research Editor: Michael O’Reilly

After recently reporting earnings per share growth of 65% with a 54% increase in revenues, we select PRL as a TOP PICK. We like that quarterly cash reserves are growing, while debt is repaid. The company provided loans and lines of credit to 164,000 customers last year using its AI based online platform. It trades at 15x earnings and supports a 30% ROE. We recommend setting a stop-loss at $12, looking to achieve $22 — upside potential of 48%. Yield 1.9%

(Analysts’ price target is $22.38)

Financial Services

$15.350

Unknown

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Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle