re: Sp27 Jun 2018 10:21
Fully agree Hotdog1 - I had this in the bottom draw but now have to watch it as has been Hemorrhaging value on a daily basis. Despite the consolidation that promised 'stability', a 'new era' and added value, this share has been Volatile on it's way down, which makes it tricky to short.
The BOD need to focus on delivering Shareholder and Investment returns rather than navel gazing and chewing the cud (again & again). We know what domestic growth is, and how long will it take to pay off the technology (which is just an enabler and not even a game changer, and certainly not an instrument to generate income)? Is the bank ready for when we hit a new world recession?
Share holders will take the hardest hit and management will just sit it out behind their drawbridge, but I begrudge financing them. This has been run badly and when the time is right, and if this ever recovers, to coin a phrase "I'm Out". Until then, let's focus on bringing in the machines and getting rid of those duplicitous layers of management!