Ann: FY12 Half Year Results Announcement , page-11

Plough, Bendigo might be interested in the loan book but remember the loans are of a lesser quality to traditional bank loans. That said, FSA has an outstandingly low arrears rate.

I really cannot see FSA pushing this book beyond $300m inside 2 years given the competition and lower demand. So we will simply plateau in this area.

The traditional services area would be too specialized for a bank. Maybe it might suit a debt purchaser like CCP.

I have often thought that FSA should hook up with someone like FXL. The use of the databases would be interesting and there would be savings in the area of debt collection.

Plus they could develop some interesting cobranded products like insurance.