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Ann: Class Action Settlement, page-46

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  1. 2,962 Posts.
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    With the current growth trajectory of MACC and Greenlight Auto there really isn't any waiting necessary IMO, shutdown the SACC division and let the $80m or so loanbook run down, should still manage close to breakeven for the year (roughly $5m loss IMO) including losing the last CA.

    Next full year result should be profit of around $17m conservatively (this year those divisions should make around $15m with lease obligations still running off) with around $80m in franking credits available, that's assuming a worst case scenario with full payout and announcing exit of SACC as soon as CA result is announced.

    A good result in CA and continuation of SACC could have us making a profit of $10-12m this year and on target for $30m next year with around $85m of franking credits available.

    Getting sick of the silence, there should be some news by now surely?


     

 
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