Why it matters: Judo Bank shares have fallen 41¢ to 84¢ since the start of the year.
This has frustrated the board and management, who do not believe it reflects their performance.
While much of the uncertainty surrounds its margins as it refinances cheap funding, CEO Joseph Healy said the toll had been over-hyped.
Judo Bank chairman Peter Hodgson and chief executive Joseph Healy lashed out at investors who they claim crushed the lender’s valuation, saying they are variously frustrated and disappointed that the share price does not accurately reflect the performance of the business.
Shares in Judo, which lends to and takes deposits from small businesses, have dived 36.7 per cent to 84¢ since the start of the year. Judo floated at $2.10.
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Lucas Baird is a journalist based in The Australian Financial Review's Sydney office. Connect with Lucas on Twitter. Email Lucas at lucas.baird@afr.com
