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
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Last
22.0¢ |
Change
0.005(2.33%) |
Mkt cap ! $138.0M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 22.0¢ | 21.5¢ | $22.85K | 105.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 182502 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 11762 | 3 |
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| CCV (ASX) Chart |