A Buyback looks more appealing to me than M&A, simply because SVR is trading at a 40% discount to NTA, easy way to increase NTA/share imo and great ROC.
They could probably do both though with a loan book purchase 100% debt funded, but it is always risky bolting on another business and someone else's problems and I think right now the focus should be on quality organic growth and avoiding less risky loans to drop kick peasants, which is pretty much the direction they want to show ASIC they are headed in anyway.
Great buying at these levels, I've been adding, index rebalance weighing heavily
A Buyback looks more appealing to me than M&A, simply because...
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Last
96.0¢ |
Change
-0.005(0.52%) |
Mkt cap ! $202.7M | |||
| Open | High | Low | Value | Volume |
| 96.5¢ | 97.5¢ | 95.0¢ | $235.9K | 244.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 965 | 96.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 98.0¢ | 15398 | 2 |
View Market Depth
| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
96.0¢ |
Change
-0.005 ( 0.83 %) |
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| Open | High | Low | Volume | ||
| 95.0¢ | 97.5¢ | 95.0¢ | 28961 | ||
| Last updated 15.54pm 17/05/2024 ? | |||||
| SVR (ASX) Chart |