Looks like its already consolidating now after a bit of panic...

Looks like its already consolidating now after a bit of panic selling perhaps.

I'm still very bullish on its prospects over the medium term but I can see why all the talk about increasing expenses in the next half year would scare a few away, but realistically, compared to a lot of other financials its a very good business with increasing high turnovers and increasing market share whilst others including the Big 4 are sailing into some strong headwinds. The market seems very preoccupied with dividend plays and reading between the lines on the outlook, I think the dividend might get another haircut in 1H 2017 as well. The flipside is that potential suitors to the business will want to use that time to make a move before it becomes too expensive IMO, and a good reason why I will hold all the way through.