Australia heading into recession
Consumer Balance Sheet Stretched
Bad Debts > 15%
Can't Make a profit on 1bn of OP CF
Asset base not large enough to support loan book of that size
International Expansion Plans not a good idea when they havent bedded down home market or become profitable
Consumer Balance Sheet Stretched
Bad Debts > 15%
Can't Make a profit on 1bn of OP CF
Asset base not large enough to support loan book of that size
International Expansion Plans not a good idea when they havent bedded down home market or become profitable