Buy @ $3.56. Didn’t do a detailed research.
Price hv dropped fm $3.84 since FY05 results were announced on end-Feb. Net Profit was down 8.8% (EPS dropped fm 20.05cts to 18.20cts). Even tho’ both loans and deposits had gone up, their interest expenses had gone up (their deposits are not enough to cover their loans, so they had to borrow, likely interbank and that interest had shot up quite a bit) even faster.
Div 12cts final + 5cts special ; xd 5-May.
The last time share price hit this lvl was Jul-05 and the 1-yr low is aro’ $3.14. NAV is $3.15 (up fm $2.81), so it may drop all the way to NAV for me to avg down! 😀