value of rhg after westpac bid , page-5

Hi Ocker,

I agree with you. Westpac must have done some head-scratching and extrapolated their findings not limited to but including Labor election victory, increased interest rates (already occurring in the market notwithstanding official rates) and a concomitant softening of housing prices in many (not all) areas. Together with the aforementioned, a contingency factor for good measure. They must want to cherry-pick the viable parts, and leave the balance to drop off and die.

My opinion (for what it's worth) is that the business model coupled with bad timing will cause this company to ultimately hit the wall.

Inevitably the worst hit will be the ubiquitous widows and orphans who are persuaded to buy this junk with promises of financial Nirvana.