RE:Opinions on HOOPP pleaseRight now they have already paid a substantial amount to obtain Hoopp deal like any open loan they will build enough capital to close it off in the short term.
Pros : less cost on amortized interest of approximately 10% for drawn amount and 2.5% for the undrawn amount. Yes they are paying 2.5% on the undrawn amounts to.
Cons: it will be atleast a year to repair 70% of the damage confidence to come back.
I believe they will sell additional assets within next 2 months if deposits to not recover to a better figure.