I can understand why this company trades at 1x book, however, if there were to be even a moderate increase in claims you could also see them raising capital multiple times IMO
Their concentration in investor mortgages, which may come under a bit of pressure makes me think you can only get comfortable owning this at a substantial price to book discount
I can understand why this company trades at 1x book, however, if...
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Last
$3.93 |
Change
-0.020(0.51%) |
Mkt cap ! $1.138B | |||
| Open | High | Low | Value | Volume |
| $3.92 | $3.95 | $3.90 | $2.475M | 630.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8969 | $3.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.94 | 1693 | 1 |
View Market Depth
| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| HLI (ASX) Chart |