1H FY24 down 27bps from 2H FY2
@spider5 thanks for highlighting that. Also a correction NIM dropped by 27bps not 50bps from 1H FY24 from 2H FY23. Still not pretty and this meant the ROE was reduced from 9.9 to 5.3%. Ouch!
Annualise out the returns 16.6c and you get 33.2c. At 4.44 that’s a PE13.4. Fair at this point. Let’s hope they can right the ship a little in this next half or we could see further falls in the short term.
1H FY24 down 27bps from 2H FY2@spider5 thanks for highlighting...
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