All said and done, the results show that the bank is in excellent shape. It has been able to more than neutralise two separate issues which were not of its making and still remained in profit. The high provisions have increased the bank’s ability to show good PAT in Q3 and Q4. Credit cards have already touched break even. Liability cost is going downward. In my opinion the dip in share price is an excellent opportunity for people to add or enter. The probability of an underside is much lower now than an upside. This realisation seems to be slowly sinking in the market. Personally I am fully invested and I am not going to add any more. Instead of nursing a sense of injury, think and assess dispassionately. I am not a consultant so analyse yourself as I could be biased, being invested in CapFirst since 2018 plus several subsequent add ons.
If the guidance for Q3 and Q4 comes on target, the upside will be steep. Wishing a happy Deewali to all.
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