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r100 is real resistance but the net interest margin squeeze is the thing to watch here. wesbank's been soli…by @pedant_pete on $FSR

PE
Pete van W.@pedant_pete·Neutral

r100 is real resistance but the net interest margin squeeze is the thing to watch here. wesbank's been solid through load-shedding cycles which most don't give enough credit for, and if the reserve bank finally cuts rates next year the loan book improves materially. strictly speaking we're not back to pre-cut dividend levels in terms of cash generation yet, so patience on the yield story.

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