In my opinion (and this is why I bought) this will do just fine. Maybe a minor sell off of ALL banks from scared mum and dad investors but it will recover quickly.
In FY18 LVR rates over 85% (less secure loans) were only representing of 19.5% of total loan book. I feel VERY comfortable with these values. The big boys who lend money to just about anyone (myself included - I was offered a loan of up to 450k on a 60k a year salary... I'm no dummy). A large majority of loans under 80% LVR. Safe.
Sentiment Changed to Holding/Buy
Why is SP retreating ?, page-18
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Last
$4.06 |
Change
0.010(0.25%) |
Mkt cap ! $436.0M | |||
| Open | High | Low | Value | Volume |
| $4.05 | $4.09 | $4.05 | $512.4K | 126.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4494 | $4.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.06 | 1837 | 1 |
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| Last trade - 16.10pm 26/11/2024 (20 minute delay) ? |
| MYS (ASX) Chart |
