how low can this go?, page-456

I agree. I think St Andrews will be their business if the deal goes ahead. I still think BOQ are still keen sellers, and only APRA is the big hurdle to clear. Closing down their boiler room however shows their intent to clean things up.... for them to start afresh with St Andrews.

If APRA gives it the green light it will put a rocket under the share price. If APRA rejects... then that NPV for the trailling commissions is going to be tested. High risk/reward play, not for the faint hearted.