Just solid earnings from lending people money - you can't beat it! Especially when you charge very high interest; have people clamouring for more; keep making profits EVERY day of the year (yes, that's right, they are are still charging interest today, and tomorrow! even when theyr'e not at work) and are now building up a very profitable sideline to the same customers in car finance and insurance.
What can go wrong? We have a consumer boom; customer base is wide spread and bad debts are kept well in check; T/o increasing rapidly but overheads under control. They borrow at the lowest rate of interest for 40 years and charge their clients very high rates.Competition is strong but not a problem for this long established and well managed family business.
To cap it all, share price is rising strongly over the past year, yield is great and growing. I wish my other holdings were as dull and boring as this one - I could end up rich!
