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Homeloans share price continues to surge as speculation mounts that 40 per cent of the non bank lender will be bought by NAB.
In the last week, the company’s share price has climbed 19 per cent, while over the last 12 months, its share price has managed to rise a respectable 86.11 per cent, according to The Australian Financial Review.
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While NAB‘s intentions to claim a 40 per cent stake in Homeloans has not been confirmed, the listed non bank lender indicated on Monday that talks between the two had been productive.
Homeloans recently reported preliminary profit after tax for the half year ended 31 December of between $4.2 million and $4.6 million on a normalised basis compared with $2.6 million the period before.
