Chanticleer
Challenger’s high interest rate party may be over
Challenger has strong winds at its back, but disappointed investors with its earnings guidance. That is not what the company needed.
Rising interest rates have put the wind in Challenger’s sails, but it is not making money fast enough for investors.
Having battled away with the annuities dream in a low interest rate environment for years, Challenger has finally landed on more favourable times.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
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