Australian article, page-8

The great thing with TGA trading below NTA, so long as TGA didn't offload it at a crazy low price, shareholders would have been rewarded with a capital return.

Heads I win, tails I still win.

However on a longer term it would have been a headache as head office overheads would have all been allocated to TGA's remaining unit: equipment finance.

Shareholders just need to be patient with this stock now. Allow the new CEO time to turn the radio rentals division around. The bottom of the cycle base earnings are now in place for FY19, so going forward into 2020 earnings will start cycling upwards.

I am very confident with this stock on a two year investment horizon.