clearly some market participants believe that there is something...

clearly some market participants believe that there is something in the works (in terms of a corporate action event) and/or are not believing mgmt who are saying they are managing the loan book and generating profits because the share price continues to show weakness

1H24 full financial report will be interesting to see to ensure there are no issues in terms of loan/warehouse covenants because on the numbers themselves, I'm not seeing what people selling are......arguably having a 1.2bn loan book in this environment is obviously not without risk, but historically, mgmt haven't got into trouble with the loan book (and losses), but rather that they extended themselves too far with the societyone purchase along with aggressively trying to grow (the latter which they seemed to have learned their lesson well given the loan book has not moved beyond the 1.2bn it has been for some time).