I disagree. Even after adjustment, it is trading flat from last half of the year despite loan book has grown quite a lot during FY2018. This means the supposedly incremental interest revenue has completely got absorbed by bad debt.
There is a slide that shows every category debt has bad debt expense increase. With unprofitable loan growth and more shoddy deals discovered during senate inquiry and very poor compliance history, I don't see there is a re-rating before the CA conclusion.
Ann: H1 FY2019 - Investor Presentation, page-7
-
- There are more pages in this discussion • 38 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CCV (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
20.5¢ |
Change
0.005(2.50%) |
Mkt cap ! $128.6M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 21.0¢ | 20.5¢ | $229.0K | 1.116M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 291400 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 386106 | 7 |
View Market Depth
| Last trade - 14.25pm 24/07/2024 (20 minute delay) ? |
| CCV (ASX) Chart |