Sgoni$1.40 does not look like a good return for the risk are U...

Sgoni

$1.40 does not look like a good return for the risk are U suggesting that's the full value or the 67% component?

I don't like margin lending for myself but I don't mind others with that appetite. I get however a bit afraid when u see the Storm customers and some there with a bonded house and nothing else propping up a 2.5 million margin loan account.

I hope that the book is a lot cleaner here the fact that it has performed well in the past suggests its reasonable.

I just used Bendigo's offer as a base value as they are not known for overpaying. Not my normal style but just thought good to have a few on the day it tanked after offer collapsed.

Disclaimer: I take no liability for the accuracy of my post. Do your own research prior to making any investment decision.