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
- Forums
- ASX - By Stock
- RHG
- 52 week high what credit crisis
52 week high what credit crisis, page-18
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RHG (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online