These guys have a horrible record. Surprise there has not been more management changes. And no wonder why the potential suitor walked away from the takeover.
Now looking to raise tier 2 capital; perhaps because the share price is so low that it is too expensive to raise ordinary equity? which presumably would please APRA much more.
Given life insurance is essentially based on complex actuarial models and their assumptions, one has to wonder how credible these assumptions remain for this company given the continuing adverse 'surprises' they seem to report on a fairly regular basis....
Share price down 50% in last 12 months. Anyone brave enough to catch the falling knife...?
CVW Price at posting:
45.0¢ Sentiment: Sell Disclosure: Not Held
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