SUN 1.42% $17.13 suncorp group limited

lame duck

  1. 3,697 Posts.
    lightbulb Created with Sketch. 626

    Today's result confirms this Group is a lame duck; how can this Board justify being a "bank" when all is wants to do is fund low profit housing loans - it's time for a clean out; the insurance division is just surviving.
    The only thing that will save them is a takeover - the price may be lower not higher - remember the offer of $23 that wasn't even put to the vote ?
    It's a pity to see a former great institution fall on its sword.
 
watchlist Created with Sketch. Add SUN (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.