rice,
I think everyone agrees 14.40 was low for a raising, but times have changed since then, asset prices are up. If the same deal was to be done now, they would likely have to pay more for those Asian assets than they did.
As for the rest of your sarcasm, I disagree. Time will tell if you are smarter than Mike Smith. lol.
Ann: ANZ CPS2 Margin Announcement , page-11
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