JDO 2.12% $1.27 judo capital holdings limited

Page 64, Half to yearly. No bottom line profit growth. Judo was...

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    Page 64, Half to yearly. No bottom line profit growth.

    Judo was priced with a growth multiple, it no longer has the profit multiple part of that equation. Repriced.

    Revenue growth with no further profit means margin contraction, market unsure when that contraction stops. There's a few other bits in there too, like 90+ days, NIM - but that feeds into the above.
 
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