Share
903 Posts.
lightbulb Created with Sketch. 13
clock Created with Sketch. 25/05/22
10:49
Share
Originally posted by EarlyRetiree:
↑
I suspect the ProBuild and Metricon sagas have a negative impact on sentiment in the sector.The current discount to NTA on QRI of 10% implies a 67% default rate on the current portfolio, assuming the historic recovery rate. Even if one were to assume materially lower recovery rates, the implied default rates remain entirely non-sensical.
Expand
Originally posted by EarlyRetiree:
↑
I suspect the ProBuild and Metricon sagas have a negative impact on sentiment in the sector.The current discount to NTA on QRI of 10% implies a 67% default rate on the current portfolio, assuming the historic recovery rate. Even if one were to assume materially lower recovery rates, the implied default rates remain entirely non-sensical.
Expand
(20min delay)