Hammered for the risk, page-3

New accounting changes were made, so the arrears method was changed. So you cant really compare with the prior period without the accounting change. Shaws readjusted it and found it is simply growing with the book.

The mywealthfor life link lost credibility when it said AXL is subject to rising fintech competitors like Afterpay. Afterpay is a consumer loans provider.

We would need to see the 1H 2019 performance to really gauge it properly, as the accounting changes have only come into effect in FY18.

The Transport sector is riskier i agree, but recover ability of the asset+ personal guarantees is approx 70%(Shaws)