USA inflation data is rocketing ahead with more to come! Expecting the RBA to start hiking rates in May/June 2022... interesting to see how they time it with the upcoming election.
A NIM increase of 0.20% on a $13b mortgage book is an extra $26 million...
Most recent HY NPAT figure of $53.5m... if we get rate rises it'll put RMC in the ballpark of circa $133 million annual NPAT or EPS around $0.33 depending on the level buyback.
These figures don't include any provision for the unwinding of the bad debt provisions, loan book growth/attrition rate, or the once-off IT spend that won't be continuing... so there is further upside! #GLTAH
Ann: Resimac Group increases 1H22 NPAT by 6% to a record $53.5m, page-37
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Last
96.5¢ |
Change
0.025(2.66%) |
Mkt cap ! $386M | |||
| Open | High | Low | Value | Volume |
| 94.5¢ | 98.5¢ | 94.0¢ | $59.18K | 62.12K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3120 | 96.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.01 | 5263 | 1 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
98.0¢ |
Change
0.025 ( 2.08 %) |
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| Open | High | Low | Volume | ||
| 94.0¢ | 98.5¢ | 94.0¢ | 13834 | ||
| Last updated 15.56pm 16/05/2024 ? | |||||
| RMC (ASX) Chart |