Happy with SP spike but not sure of sustainability....4 consecutive halves of falling cash earnings, EPS, NI margins and ROE, and a 4th consecutive half of rising C/I ratio! Falling lending growth, yes a few areas sound but surely worry long term.
How can there be any foundation for a long term break upwards or am I missing something?
Comments sound good but where's substance, where's delivery or suitable record? And "Virgin" JV's & similar just mean piggybacking on others reputation and therefore margin sharing - NI margin to continue squeeze?
I still worry about Sutton and a couple of his CBA mates internally. Longevity must be questioned surely with these poor trending indicators?
Ann: BOQ HY2017 Results Presentation - Speaker Notes, page-5
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