Thanks for the great post @justkydding. I was hoping that there might be a statement about where they were with the sale of the personal loan portfolio. In the Annual Report it was stated that no further personal loans would be written and the book was placed on the market for sale. Maybe this is not proceeding. I thought that this would be the most saleable part of the business and would be quickly taken up. Anyway regardless of that I am pleased that there was some positivity about the future and liquidation or administration were not seen as the way forward.
PNC Price at posting:
$2.46 Sentiment: None Disclosure: Held
(20min delay)