Average borrowing rate at 30/06/24 was 8.73%, so most likely 8.23% after the rate cut this week. So no there's no real leverage there at current interest rates based on their borrowing rate.
A very strange decision if this is just a strategic investment
SVR Price at posting:
$1.66 Sentiment: Hold 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)