bit of a crazi purchase Imo, right up there with continually ploughing money into cdu
Gentworth, what a bizarre investment for such a company - a
Major player of mortgage insurance in Australia and globally, amongst other financial
Products ------ aon , must have been high fiving to get that risk / business/ portfolio offffffff it's books
Maybe Oceanwide think cdu is going to come good and shower them with $2 qtr divvies- which it can then use to make payouts for mortgage insurance if the bubble finally bursts in some real estate sectors
Obviously they can't read English news, from sky news
Morgan's warns of construction bust
Fitch warning
Moody's warning
Quick lets go buy a mortgage insurance business which provides cover to the highest leveraged borrowers--- Everybody--- lol
As for paying cash- sounds great- net debt at Oceanside - cough cough
CDU Price at posting:
43.0¢ Sentiment: Sell Disclosure: Not Held
