Going through the various ASX announcements, the thing that struck me was the lack of information on which to make a valuation - very little information on average interest rates, funding margins etc
Whilst information is murky, there are obviously challenges on a number of fronts including lack of funding, penalty interest rates, legal case etc. And the last six months would have been more testing than the previous six months. I guess the June financial report will shed some light on what value is there.
RHG Price at posting:
44.1¢ Sentiment: None Disclosure: Not Held