would not worry too much on problem loans as 70% of revenue/profits derived from insurance ...
SUN is more an insurance company than a bank these days.
Still though with BDD on rise and margin slips due to four pillars taken all new loans it will have an impact.
In regards to these analysts - they were horrible wrong in 07 and horrible wrong at the bottom of the market.
The cost of reinsurance for SUN is going to blowout and also their provisions are not going to cover this thing.
$200 million is grossly inadequate sum - the full amount will not be known for months . Watch out for a rights issue around the $5.00 level.
would not worry too much on problem loans as 70% of...
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Last
$19.65 |
Change
-0.005(0.03%) |
Mkt cap ! $23.46B | |||
| Open | High | Low | Value | Volume |
| $19.72 | $19.84 | $19.60 | $8.850M | 449.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 3429 | $19.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.65 | 1728 | 14 |
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| Last trade - 12.19pm 03/12/2024 (20 minute delay) ? |
| SUN (ASX) Chart |
