What caused Judo Bank to abruptly confess to lower-than-expected growth in the middle of the day on Thursday? Perhaps it was the business bank’s chief financial officer Andrew Leslie, who may have given too much away at a UBS small-caps presentation to a handful of investors two days earlier.
Leslie’s presentation, made at the Swiss investment bank’s offices in Melbourne on Tuesday, had hinted at a softening in Judo’s earnings conditions, foreshadowing – at least to some in the room – an earnings downgrade.
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