52 week high what credit crisis, page-18

elmax

Fair enough
Selmax

My summary from 10 minutes of reading

The RAMS brand was sold to Westpac over a year ago now, as RHG could not fund any new loans due to the GFC, so I don't think they are opening any branches.

I just read the last profit report - no alternative funding, so are starting to pay penalty interest rates on securitisation deals. NTA of 44 cents per share excluding capitalised costs sp trading at a premium to NTA.

With no new business to generate income, the business appears to be in run off mode.

Presumably there is some value in the remaining securitisation deals but with penalty rates, elevated BBSW and fast run down from uncompetitive rates, fundamentally RHG as a company does not look good.

But if the charts look good, it must be buy..............LOL