US genworth was not a support. It was a cash drain. They used gma to provide them cash. Not sure how the franking credits were any use to GNW so it was a silly arrangement .
the value in gma is in the existing book. They should only write new business if it is accretive. Otherwise just enjoy the runoff.
Share Price Catalysts, page-25
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$3.91 |
Change
-0.040(1.01%) |
Mkt cap ! $1.132B | |||
| Open | High | Low | Value | Volume |
| $3.95 | $3.99 | $3.90 | $2.831M | 720.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 6404 | $3.91 |
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| Price($) | Vol. | No. |
|---|---|---|
| $3.92 | 3310 | 3 |
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