Different between Slater and mining companies & properties trust
Slater can right sizing. They can cut expenses, increase fees. Many lever to pull
Miners, depend on commodities market price
Properties fund, they are at the mercy of their property valuation.
Slaters, can right sizing.. given enough time. Banks like these kind of businesses, cause they know they will get their money back.. Plus banks is already over exposed to miners and properties.. the future is not looking good for those 2 industries, they need to diversify their loan portfolio.
Look at Sydney's property price and you will know why it would be a stupid move for banks to ask for their monies back from slaters and loan out to properties developer.
SGH Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
