The only reason I can suggest, and it may well be incorrect, is because SDF owns about five per cent of the up until now highly performing building reconstruction group JLG, 'Mr Market' didn't (and doesn't still today after JLG announced details) like the proposed acquisition in the USA.
If this is the rationale, then I will stick my head out and disagree with 'Mr Market'.
On another score, inflation should in theory be good for an intermediary like SDF as the gross written value of insurance premiums will tend to rise.
News: SDF Steadfast Group Entered Into New Syndicated Facility Agreement For A$660 Mln, page-6
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$5.43 |
Change
-0.070(1.27%) |
Mkt cap ! $6.007B | |||
| Open | High | Low | Value | Volume |
| $5.48 | $5.55 | $5.43 | $7.476M | 1.367M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 25898 | $5.43 |
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| Price($) | Vol. | No. |
|---|---|---|
| $5.47 | 13940 | 3 |
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