Announcement was a ripper for RHG. Why is the shareprice down.
Old story....investors big and small can't read and understand announcements.
Easy money here at a shareprice of sub 70 cents.
They retain all their existing customers and profits. Westpac take over new loands from later in the year....but RHG get paid $140 million by Westpac, for the Rams new and ability to write new business.
BUY IT NOW.
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