I politely disagree, Max.
They just released a very detailed prospectus with clear targets. They are now executing on that plan; there’s not much more they can tell on a monthly basis except how they are growing. And Joseph is in the financial papers every couple of months commenting on the economy anyway.
Everyone knows it’s a bank (they’re actually less tech-focused that others given the focus on old-school individual customer-focused bankers), the issues to my mind are fourfold:
- no operating history, being a new player
- a tough economic environment right now
- a rather exposed book (100% SME lending in a single country, no mortgage book etc)
- a huge chunk of shares coming out of escrow when they report their 30 June numbers.
Even if you like the business and management team, as I do, why would you bother holding it now? In uncertain times there’s safer banks to own right now. I think this is probably a brilliant long term business by the way, but the longer I wait on the sidelines the cheaper it gets…. There are many others like me (including fundies).
That’s my take.
Cheers
I politely disagree, Max.They just released a very detailed...
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Last
$1.27 |
Change
-0.035(2.69%) |
Mkt cap ! $1.403B | |||
| Open | High | Low | Value | Volume |
| $1.28 | $1.29 | $1.27 | $2.926M | 2.283M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13476 | $1.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.28 | 2361 | 2 |
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| Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Last
$1.27 |
Change
-0.035 ( 1.60 %) |
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| Open | High | Low | Volume | ||
| $1.28 | $1.29 | $1.27 | 90904 | ||
| Last updated 15.59pm 30/05/2024 ? | |||||
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