Interesting to note that one of the financiers (Nomura) involved at the time of the Carlyle refinance debacle and shareholders apparent feelings about KJ's credibility and trustworthiness is now back in with a substantial holding. Obviously they have not got any issues about him. IMO it does not look too bad for a good result in FY23. $1.5m plus NPAT for FY22 is quite a turnaround and should be based on the reduction in funding costs but many investors are looking for more than that to push up the SP and IMO a dividend will be needed to attract those still chasing yield as their only objective.
PNC Price at posting:
54.0¢ Sentiment: None Disclosure: Held
