GMA had a good quarter IMO. However GMA's guidance for a loss ratio of 45% is terrible, and it sounds like their 2nd biggest client might be cherry picking, or leaving, and the third biggest is up for grabs in November - that could be up to 42% of their NIW leaving based on 2016.
So I shorted the open - have done very well trading GMA both ways over the years, except for my last trade sadly, where I had a big profit and handed it back.
GMA had a good quarter IMO. However GMA's guidance for a loss...
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Last
$4.07 |
Change
0.030(0.74%) |
Mkt cap ! $1.161B | |||
| Open | High | Low | Value | Volume |
| $4.07 | $4.10 | $4.05 | $2.043M | 501.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 21932 | $4.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.08 | 19721 | 28 |
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| Last trade - 14.40pm 03/10/2024 (20 minute delay) ? |
| HLI (ASX) Chart |