I have held SVR for a long time. With the warehouse style funding, they are borrowing short and lending long fixed for say 3 years. It will wash out as the new loans are re-priced to reflect higher rates. This may take upto 3 years to run through.. Unfortunately the FY24 and FY25 dividends will drop. The FY23 dividend at 9c is now yielding 11.75% grossed up with franking credits.
SVR Price at posting:
$1.09 Sentiment: Hold Disclosure: Held
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