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.
I have held SVR for a long time.With the warehouse style...
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Last
$1.33 |
Change
0.000(0.00%) |
Mkt cap ! $277.1M | |||
| Open | High | Low | Value | Volume |
| $1.30 | $1.34 | $1.30 | $359.8K | 272.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 319 | $1.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.33 | 10000 | 1 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| SVR (ASX) Chart |