AXL axel ree limited
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Ann: Interim update, page-14

  1. James A
    59 Posts.
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    16/11/18
    10:52
    Post #: 36529688
    I read an early AFR article (https://www.copyright link/opinion/scott-morrison-to-revolutionise-small-business-lending-20181113-h17ult):

    "Since the government will only be investing in highly rated warehouse facilities and ABS issues, it will bear little to no risk (no AAA-rated Australian securitisation has ever defaulted)."

    It made sense to me. The hospitality industry is notoriously risky, for both lenders and operators. Think about all the SME's in Australia, across all the industries - IMO there are far safer options for long term lending of tax payers money. 
    AXL Price at posting: $1.63 Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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