yes, yes-ish, and ‘yes, that is a potential adverse...

yes, yes-ish, and ‘yes, that is a potential adverse outcome’

Reminder, an on market buy-back is still operating, despite demonstrated reluctance to purchase above $4.10/share. Excess capital has also been growing further, given lack of buy-back activity. An ASX announcement of buy-back activity taking place today (announced pre market tomorrow) should confirm if buy-back has recommenced at these much lower prices.

With same short term ‘meh’ earnings outlook (slower GWP but minimal losses) as well as large/building excess capital, the 31 December 2024 NTA at $3.76 offers buyers today with a quick/easy 5%. Helia have previously been buyers of their own shares between $4.00 to $4.20 - so these levels could offer additional trading prices to sell out at.

Longer term holders topping up will benefit from very good yields at these prices, as well as potential for yet another special dividend next February.

Il faut prendre son risque - you must be willing to take risks