Take a look at Note 7 - they really did sell a lemon.
As for Net Interest Margins - both the Home loan (average >7%, using mid-point of loan size for the year) and Personal Loan (average ~14%, using mid-point of loan size for the year) segment have very healthy NIM. I must say, the Interest rate on the mezzanine facility confuses me a little though. They basically make very little money using this facility to write loans.
I guess this is Westpac's way of getting a little bit extra. Once they refinance and increase the line of credit, the NIM on these loans will be seen.
Take a look at Note 7 - they really did sell a lemon. As for Net...
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Last
92.0¢ |
Change
-0.020(2.13%) |
Mkt cap ! $115.0M | |||
| Open | High | Low | Value | Volume |
| 92.0¢ | 92.0¢ | 92.0¢ | $1.38K | 1.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10547 | 92.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 94.0¢ | 6479 | 2 |
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| Last trade - 10.12am 01/08/2025 (20 minute delay) ? |
| FSA (ASX) Chart |