suhm
A very astute observation but it's not just Macquarie. A quick search indicates there is currently quite a few margin lenders prepared to lend against Tap - NAB, Colonial, Suncorp, ANZ, BankSA, BT, Comsec.............. AND they will all be reviewing their LVRs. Hang on to your seats!
The good thing is that there is no shortage of vultures at current prices so I'd expect the SP to move back up shortly.
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