Fund Manager Summary
The outlook for Plenti Group Ltd appears promising, as the fund managers believe the company is well-positioned within the personal, auto, and renewables lending sectors. In their opinion, the recent partnership with the National Australia Bank (NAB) underscores the value of Plenti’s technology, enhancing its credibility among sophisticated lenders. This collaboration allows Plenti to leverage NAB's marketing strength while mitigating risks associated with funding and bad debts, leading to significant financial benefits without impacting its balance sheet. Additionally, the stock's remarkable performance, finishing the year 110% higher and contributing 1.7% to portfolio performance, reflects strong investor confidence and growth potential.
Source: Trading View
Commentary From The Managers
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Wilson Asset Management
14 Nov 2025
$1.22
Summary
- Wilson Asset Management views Plenti Group Ltd as a buy.
- The non-bank financial sector is experiencing a strong comeback due to decreasing rate expectations and improving economic activity.
- There is a structural tailwind as major banks withdraw from personal and auto lending, benefiting Plenti.
- Plenti is well-positioned to gain market share.
- Management is considered excellent, with a strong track record of navigating the business cycle.
- The company demonstrates strong operating leverage and has a scalable platform.
- The potential upside from the NAB partnership is seen as underestimated by the market.
- There are opportunities for expansion into other verticals.
- The stock is currently valued at 10 times earnings.
- Wilson Asset Management continues to have a positive outlook on Plenti Group Ltd.
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Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.
Commentary From The Managers
Wilson Asset Management
14 Nov 2025
$1.22
- Wilson Asset Management views Plenti Group Ltd as a buy.
- The non-bank financial sector is experiencing a strong comeback due to decreasing rate expectations and improving economic activity.
- There is a structural tailwind as major banks withdraw from personal and auto lending, benefiting Plenti.
- Plenti is well-positioned to gain market share.
- Management is considered excellent, with a strong track record of navigating the business cycle.
- The company demonstrates strong operating leverage and has a scalable platform.
- The potential upside from the NAB partnership is seen as underestimated by the market.
- There are opportunities for expansion into other verticals.
- The stock is currently valued at 10 times earnings.
- Wilson Asset Management continues to have a positive outlook on Plenti Group Ltd.
Summary
Forager Funds
12 Sept 2025
$1.40
- Forager Funds continues to hold shares in Plenti Group Ltd.
- Plenti operates as a non-bank lender, gaining market share from major banks.
- The company's efficiency is driven by its superior software platform.
- Historically, Plenti has been constrained by its asset-heavy business model.
- Partnership with NAB for auto-lending marks a significant opportunity.
- NAB utilizes Plenti's platform, showcasing its effectiveness.
- The next 12 months are crucial for validating Plenti's business model.
- Plenti appears reasonably priced based on current operations.
Summary
Wilson Asset Management
31 July 2025
$1.10
- Plenti Group offers a fintech platform focused on consumer and renewable energy loans across personal, automotive, and sustainability lending.
- The company reported a record quarter ending 30 June 2025, with loan originations reaching $437 million, a 44% increase compared to the previous period.
- Loan portfolio approaching $2.7 billion, reflecting a 21% year-over-year growth.
- Secured management of the government-backed Western Australia Residential Battery Scheme, which is expected to open new revenue channels.
- This initiative is likely to generate a steady stream of income through financing and rebate administration fees.
- Demonstrated rapid development of a technology solution, showcasing operational and technological capabilities in clean energy finance.
- Partnership with NAB for automotive loans saw a 110% increase in daily origination rates compared to the prior quarter.
- Wilson Asset Management continues to hold due to the expected benefits from potential rate cuts, which may provide further tailwinds.
Summary
Forager Funds
31 July 2025
$1.10
- Forager Funds notes that Plenti (PLT) has announced a record quarter for loan originations.
- The company’s goal of a $3 billion loan book is now within reach.
- Its lending partnership with National Australia Bank (NAB) is performing well, with originations per day up 110% from a low base.
- Bad debts have improved, indicating a positive trend.
- Further interest rate cuts could provide additional support for growth.
Summary
Centennial Asset Management
18 July 2025
$0.90
- Centennial Asset Management views Plenti Group Ltd as a promising non-bank lender focusing on three key areas: autos, personal loans, and solar financing.
- With lower interest rates, there is a potential increase in demand for financing in Australia, particularly in the auto and personal loan sectors.
- Plenti is expected to benefit from a growing demand as banks become more stringent in lending.
- The company is experiencing rapid growth and has recently achieved profitability.
- Centennial Asset Management believes Plenti is not overly expensive and could be a beneficiary of lower rates in the coming years.
- Plenti's domestic focus and strong balance sheet position it well for future growth.
- Recent news flow has reinforced confidence in Plenti's financial stability.
Summary
Centennial Asset Management
6 June 2025
$0.87
- Centennial Asset Management believes Zip has the potential to rally in the short term.
- Zip is well positioned to deliver further strong growth in revenues and profitability.
- The US buy now, pay later market remains relatively immature, allowing Zip’s US footprint to grow rapidly.
- New product launches are expected to contribute to the company’s transaction volumes and earnings growth in the coming year.
- Zip’s balance sheet strength and ongoing buyback are expected to support share price performance.
- Zip has surprised the market with better-than-expected earnings over the past year.
- The company has upgraded expectations post the most recent quarter, indicating potential for additional upside earnings risk.
Summary
Forager Funds
30 Apr 2025
$0.86
- Forager Funds continues to hold its position in Plenti Group Ltd (PLT) due to positive quarterly reports.
- Plenti is successfully growing their customer bases.
- Bad debts are well under control, indicating effective risk management.
- Loan books are growing for both businesses, which is a promising sign for future revenue.
- The team anticipates only small increases in overheads, which should enhance profit margins.
- As loan books and revenue increase, this is expected to drive rapid increases in profits.
Summary
Wilson Asset Management
31 Jan 2025
$0.89
- Plenti Group is a fintech company focusing on consumer and commercial lending solutions, including car loans and renewable energy finance.
- In the latest update, Plenti Group reported record quarterly loan originations of $383.3 million, representing a 32% increase from the prior corresponding period and a 19% increase from the previous quarter.
- Additionally, the company previously reported a 260% increase in cash net profit after tax (NPAT) for the first half of FY2025, which has further strengthened market confidence.
- Given these developments, Wilson Asset Management continues to hold its position in Plenti Group due to the positive growth trajectory and strong financial performance.
Summary
Forager Funds
30 June 2024
$0.72
- Forager Funds continues to hold a positive outlook on Plenti Group Ltd (PLT) due to recent developments.
- Plenti showcased the value of its technology by entering a partnership with National Australia Bank (NAB).
- The partnership involves NAB utilizing Plenti’s technology for auto loan applications and client management.
- NAB will leverage its marketing strength while managing funding and bad debts.
- This arrangement enables Plenti to gain substantial financial benefits without impacting its own balance sheet.
- The stock finished the previous year 110% higher than its starting point.
- Plenti's performance contributed 1.7% to Forager Funds' overall portfolio performance.
Summary
Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.
ANALYST INSIGHT
Equity Research Analyst
"With a strategic partnership that leverages its tech prowess, Plenti appears poised to redefine lending dynamics, potentially unlocking substantial value without the burden of balance sheet risks. Investors should keep a keen eye on this evolving narrative as it unfolds."
Last Updated: 14 Nov 2025
Query The Data
Frequently Asked Questions
Who is investing in Plenti Group Ltd (ASX:PLT)?
Fund managers including Forager Funds, Centennial Asset Management and Wilson Asset Management have invested in Plenti Group Ltd (ASX:PLT).
Why do fund managers invest in Plenti Group Ltd?
Fund managers are investing in Plenti Group Ltd due to its innovative technology in personal, auto, and renewable lending, which has attracted major partnerships, notably with the National Australia Bank (NAB). This collaboration allows Plenti to leverage NAB's funding and marketing capabilities, enhancing its financial performance without straining its balance sheet. The company's stock has shown impressive growth, increasing 110% over the year, making it a valuable addition to investment portfolios.
What happened to Plenti Group Ltd (ASX:PLT)?
Fund managers are investing in Plenti Group Ltd due to its strong performance in the fintech space, highlighted by a record $437 million in loan originations for the quarter ending June 2025, representing a 44% year-over-year increase. With a loan portfolio nearing $2.7 billion and a successful partnership with NAB driving a 110% increase in daily auto loan originations, Plenti is positioned for future growth. The company's management of the Western Australia Residential Battery Scheme is expected to create new revenue streams, reinforcing its leadership in clean energy finance. Additionally, improvements in bad debts and anticipated interest rate cuts further enhance the company's investment appeal.