Management seem to be running the business well. expenses are under control.
The book growth is moderated on purpose in these tough times.
Only another $100m or so book growth and profits will flow nicely.
IMO once rates start to fall and we get through the recession HMY should put the loan book growth boosters back on to get it over $1b. Dont worry about acquisition costs and the bottom line. Just keep growing.
I sold out at a big loss awhile ago but keen to get back on the train again one day. Maybe once i exit some FND at over $3sp i put some here
Bookmarks