We are having a nice run here as we move towards the results announcement early August. This is a high conviction position for me. While the current PE is not overly demanding, I hope we again see a surprise on the upside as has been their habit over recent years.
I have really enjoyed the posts on the last thread particularly by Pioupiou. He has nicely highlighted how their conservative policy of upfront provisions has locked away future upside profits as loans perform better than the provisions suggest. He and others have provided some unusually high quality commentary.
So, I am now asking myself "What's next"? I was tempted to sell but now think it is worth a bet that they will again surprise on the upside. If so I might have this one for a long time.
If Piopious is still here, I would be interested in your updated comments or if anyone has research (there isn't much around unfortunately).
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Last
$12.94 |
Change
-0.260(1.97%) |
Mkt cap ! $880.7M | |||
| Open | High | Low | Value | Volume |
| $12.77 | $13.07 | $12.74 | $3.285M | 255.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 843 | $12.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.00 | 843 | 1 |
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| Last trade - 16.15pm 23/06/2025 (20 minute delay) ? |
| CCP (ASX) Chart |