Q: What action will be taken in the growth portfolio in view of the recent announcement withdrawing guidance and suspending dividend? What is behind this announcement?
5i Research Answer:
We will advise all Members of any portfolio moves at the same time in the usual manner. The decline reflects issues at Lendcare, higher loan losses and the cancellation of the dividend (comments posted). With the decline, GSY is now a very small weighting in the portfolio. The news is obviously not good but we will do our review and decide if the new valuation still creates opportunity, or not, and we will also review its new risk level vs potential.