As shorters tend to aim at an event, I'm trying to think what else I might be missing. (Unless the shorts are a proxy for the general market)
I think the chance of a successful class action or a new class action has significantly decreased since the APRA ruling. I doubt APRA will appeal.
The provisioning may still be light.
I can't see bad news in terms of the P&I transaction. that looks more like a win win for IOOF.
Clearly margins are under pressure, but I don't see that as an event. With the markets strength the DH19 result shouldn't be particularly weak.
Anyone else see any other submerged icebergs?
As shorters tend to aim at an event, I'm trying to think what...
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