I suspect the declining loanbook growth is 30% driven by less favourable market conditions but 70% driven by a need to maximise interest margins as Judo comes off government bank covid funding.
The real slowdown in loanbook growth occurred after August 2023 when the share price tanked after Judo gave a market update. My guess is management reprioritised maximising margin over growth after this reaction to their outlook. It should see at least partial rebound post June 30 after the government facility is repaid, which is what Judo's commentary has indicated.
Judo Bank Monthly Data, page-44
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Last
$1.28 |
Change
0.010(0.79%) |
Mkt cap ! $1.414B | |||
| Open | High | Low | Value | Volume |
| $1.29 | $1.31 | $1.28 | $3.833M | 2.985M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 97175 | $1.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.28 | 2450 | 1 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
$1.29 |
Change
0.010 ( 1.45 %) |
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| Open | High | Low | Volume | ||
| $1.30 | $1.31 | $1.28 | 326808 | ||
| Last updated 15.59pm 31/05/2024 ? | |||||
| JDO (ASX) Chart |