Thanks, Iceman. I've just posted a link to my story on this thread
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Thanks, Iceman. I've just posted a link to my story on this thread
i find there forecasts for challenger quite optimistic in an environment of nim contraction in AUS
market may be skepitical till they get runs on the board which will take time
4cps my guess for div's based on capital requirements and npat forecast
135m shares placed instead of the 105m for the institutional pool - so additional 30m shares looking for a quick profit?
Looks to me like sp will be heading towards $1.01 or $1.02 shortly?
S/P low of $1.05, $1.09 ATM .
I will be taking up my allotment.
Some sanity starting to prevail now. Buyers at $1.13 and Sellers $1.14. Easy trading profit today if you were in the Buy queue early enough.
Final price at market close today is $1.10 which is somewhat disappointing. Perhaps indicative of a lack of trust, and that post settlement outcomes are anticipated to be less rosy than predicted?
A bit of water to flow under the bridge before Challenger is safely acquired and the transaction events intended are finalised, so we can wait and see what the market thinks during the rest of the month and early in May.
Did someone say this was a Two Buck share a while back ? ;)
The Board seem to have an uncanny knack of putting their foot in any meaningful
term upwards in the SP towards where many self respecting banks are usually priced :)
hasnt been that great of an investment for cap gain , was good as a income stock but that appears to have dis-appeared as well now unless challenger turns into a roaring success. but that will take time. in the mean time the cut in div payout to under 50% of npat implies this may not be a income stock again for a while.