Do not want to look like I am chasing you around the board. It seems we have a few holdings in common. I must agree with your view on SME and even more so when they happen to be in the finance game or related to it. Momentum seems to be the name of the game at the moment driven largely by the up and coming Tech favourites. I am basically a fundamentalist and have trouble jumping on to companies which spend years of growing without making a profit. However that was not all I wanted to post. Just a quick mention that those increases of bad debts are largely to do with the GFC (NZ) part of SVR and that is being wound down. So hopefully the Australian bad debts are less than that otherwise they might not have pointed it out. Their increased costs also include the costs of defending the regulatory court case so that is a one off or should be classified as abnormal costs which they have also made mention of - so a couple of small ameliorating factors which should be factored into any assessment of their fundamentals.
SVR Price at posting:
$1.08 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)