Inflexion point. Should see a $14-15 handle in front of the stock in not too long.
Ledger revenue up 10%, ledger profit up 9% - only slight reduction in margin.
Low overall profit growth driven by lending which should reverse 2H as growth slows and less upfront provisions.
Massive PdL purchasing which should underpin future growth
Operating leverage in US should come through with increased purchasing, which could become very meaningful for profitability if/when market conditions improve.
Current RoE is 22.5% which is amazing considering lending + US is surpressing this return.
The stock deserves a PE much higher than 10-11x that is for sure.
Inflexion point. Should see a $14-15 handle in front of the...
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Last
$13.20 |
Change
0.290(2.25%) |
Mkt cap ! $898.4M | |||
| Open | High | Low | Value | Volume |
| $12.89 | $13.30 | $12.70 | $7.519M | 570.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $13.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.24 | 3024 | 2 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| CCP (ASX) Chart |