I don't think the analysts understand this co - they have to be a mile wide and a centimeter deep to keep up - so not knocking them. Comments like higher provisions on the loan book leading to a miss etc. It is clear the problem is in the PDL segment, and not some accounting factor. Provisions are not out of whack with previous provisioning decisions, based on % of loan book increase, in fact provisions are quite low on that basis. 44.5% of loan book increase this half. In pcp it was 125.6%. As % of loan book this half was 12.2%, pcp was 10.5%, so slightly higher there.
The glaring anomaly is, as I mentioned, the 7% gross collections contraction with a 30% larger PDL book.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)