Yes the legal action, particularly the NZ one, will put off many investors going near SVR probably for at least another 12 months.
I suspect the operating performance will face greater than expected headwinds with interest rates staying higher for longer although definitely will improve.
Big 4 banks are reporting more signs of stress but that maybe more mortgage related than SVR customer base.
I suspect FY results to be roughly inline with forecasts rather than overshooting as per normal this year.
What is the future strategy of Solvar?, page-45
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Last
$1.34 |
Change
0.045(3.47%) |
Mkt cap ! $279.2M | |||
| Open | High | Low | Value | Volume |
| $1.31 | $1.38 | $1.30 | $901.8K | 677.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 21153 | $1.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.38 | 3000 | 1 |
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| Last trade - 16.10pm 15/10/2024 (20 minute delay) ? |
| SVR (ASX) Chart |