they announced the annual report at 2 pm Friday, I reckon after the weekend, investors will flog in Monday morning.
their profit is 13% higher, they now have extra $200m from Westpac for home loans and extra $75m for car loans, if you use the same margin they have been generating for the last couple of years, we are talking about another 20-30% jump in net profit over next 12 month.
they have 37c in NTA, so an EV of $83m, 6x profit, 3x ROC, nearly 9% return on dividend yield. people have next three days before ex-date.
they announced the annual report at 2 pm Friday, I reckon after...
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