They just seem to not be able to turnover a significant (or real return on funds invested, equity return). Eventhough they grow it seems to not hit the bottom line and get absorbed by additional cost. Similar to Appen. Robbie Cooke always project next 12 months they would go positive, then they would when they absorbed Bendigo bank, then the outage occurred and Robbie Cooke offered compensation (something no Aussie bank ever does). So no matter how much they grow they just don't generate a shareholder return. They should at the very least get a 12% return having been in business almost 2 decades now.
TYR Price at posting:
$1.11 Sentiment: None Disclosure: Not Held
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