Originally Posted by
hairdresser
Around half their loan book is in motor vehicles, a segment that has been hit pretty hard over the last 24 months.
They also have $139m of loans due to be repaid before end of Sep.
If there has been little impairment of the due assets they should be OK.
With the current markets view on finance cos it may be prudent to wait till the downslide is over or at least until you get some confidence in quality of the MV assets. If they have bad news in September its likely the SP will tank further.