Half yearly report says average return on investment is 4.6% before fees. Seems like there are a LOT of fees, like $3.2m p.a., payable for the 'deposit back' arrangement with the reinsurers and 'normal' management fees. I guess it has a lot to do with the fact that we're not bearing the full risk of the book, as Andrew mentioned on the call today. Benefit of being less exposed to claims, cost of not getting most out of the investment portfolio.
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Last
$1.60 |
Change
-0.030(1.84%) |
Mkt cap ! $148.4M | |||
| Open | High | Low | Value | Volume |
| $1.60 | $1.60 | $1.57 | $117.7K | 73.74K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15000 | $1.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.60 | 1632 | 2 |
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| Last trade - 16.10pm 13/06/2025 (20 minute delay) ? |
| NOL (ASX) Chart |