SUN 1.30% $19.42 suncorp group limited

Despite the lacklustre annual result... lacklustre is not...

  1. 2,013 Posts.
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    Despite the lacklustre annual result... lacklustre is not terrible, it's just "lacklustre"

    Profit is about same as 2013 with extraordinary costs accounted in: and the S.P. at same time '13 was $13.50.

    Expecting $30mil less expenses (forecast on current ratios minus extraordinary writedowns) plus further cost-cutting says SUN should theoretically be worth more tha $13.5 (unless we were stupider in 2013). I'm not factoring in the derisked insurance, so where will Trump and a rate-hike in US leave Aus REIT's assuming $AUD slips?

    (I'm not smart enough to figure this out for myself.... Jcoure, chime in man, I won't even argue with ya this time ; I'm lost)
 
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