Stephen Mayne
speaker
4,460 appearances
12 recordings
1 series
first heard Apr 2026
last heard 3d ago
Stephen Mayne’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 12 in all, peaking in Jul 2026 with 4.
Appearances
They came in with a $542 million loss.
And they announced that at 5.42 p.m.
So I thought there was some nice symmetry between that.
A $542 million loss announced on the last possible day at 5.42 p.m.
And that was the accounts, PwC is the auditor, getting a bit closer to the market's assessment, but there's still a couple hundred million above where they're claiming they're worth, you know, what?
$542 million.
$500 or $600 and the market's assessment is still less than that.
So for me, that's the ultimate benchmark is when a public company goes to the annual meeting and says, our audit accounts show we're worth X. If the market is saying less, then the obvious question I always ask it is, who's right, the market or the auditor and why haven't you written down to below the market?
So the market is assessing the audit every day of the week when they value the company.
And auditors should be driving write-downs when the market's assessment is it's nowhere near what you claim it's worth.
Your turn, boss.
What do
Well done, Liam.
The great man agrees with you.
Good point.
Now, ACT Luke says, regarding the challenge of impacting the spending of older folk with interest rate hikes, is it possible that the compulsory super system is going to be an even bigger contributor?
to limiting the effect of interest rate moves by the RBA.
Much is said about the wealth effect of housing, but increasingly we're also now seeing the wealth effect of super balances.
And as we enter a period where retirees will have access to the compulsory super, it's an interesting point, isn't it, Alan, that when you turn 60 or 65, you can access a big pile of super, and so the oldies are just going to get richer, aren't they?
Because every year, the average super balance for those hitting 1665 is higher because of the compounding effect that super only really started in the early 90s.
Showing 501–520 of 4,460 · page 26 of 223
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