SVR 2.78% $1.11 solvar limited

Ann: Market Update and FY24 trading conditions, page-18

  1. 33 Posts.
    I have held SVR for a long time.
    With the warehouse style funding, they are borrowing short and lending long fixed for say 3 years.
    It will wash out as the new loans are re-priced to reflect higher rates. This may take upto 3 years to run through..
    Unfortunately the FY24 and FY25 dividends will drop.
    The FY23 dividend at 9c is now yielding 11.75% grossed up with franking credits.



 
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$1.11
Change
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Mkt cap ! $231.2M
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$1.08 $1.11 $1.06 $579.2K 539.5K

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No. Vol. Price($)
1 4552 $1.08
 

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Price($) Vol. No.
$1.11 7291 1
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