I'm looking at the trend lately (last 1-2 years). The business went from extremely leveraged, to now less so. From NTA being 1% of loans, to now being more decent (5%+ from memory). It feels less risky than previously, and now with less interest due to PEP (cut down to $50m outstanding, and a lower IR now, but still high).
Accumulating interest on commissions - I'm happy about that if it means paying eg. 7% interest, but using the cash to pay off the 13-15% PEP.
Some chance of a rate cut at the next meeting:
Expectations of a decent fall in the next year:
MME Price at posting:
8.6¢ Sentiment: Buy Disclosure: Held
(20min delay)