NST, EVN etc will continue to be expensive. It's something that has taken me a while to get my head around but they will always trade overs IMO. Super and Insto money will just keep pouring into the likes of NST due to mandates, FA isn't the pure driver there. It is here.
This will be controlled by retail and the braver insto's here. But you have to be brave to be buying on another 3-4 months of wait and see if they can hit revised guidance this time, wait and see if they can fix issues, wait and see if they can meet debt covenants. It's priced for risk.
If they fix everything value will be returned but is the R/R in favour of buying right now?
Ann: Mt Morgans Operation & Corporate Update, page-54
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