I'm in the same boat as @TEPCapital.

PPM was on my watchlist a while back, but I wrote it off because I didn't think they were in control of their destiny, being dependent on the interest rates at which they can secure financing to generate a healthy NIM.

The fact that they only operate in the ANZ market is also a negative for me.

Having said that the Livewire articles have encouraged me to look again. I do think PPM is an excellent company, growing it's portfolio of loan products on the back of a very smart servicing platform which was - and still is being - implemented by the software company that I work for.