Australia's largest stock trading and investment forum Australia's #1 stock forum

FIG

Click for more information

0.00%

2.0¢ freedom insurance group ltd

Ann: Completion of strategic review and business update, page-12

First 12 Last

Share
Profile

Follow
street talk

6,350 Posts.

65

06/12/18

11:46

Post #: 36769820
Share

Originally posted by theworst911: ↑

So its saying

1) it continues to make a loss - trailing commission unable to cover staff costs, which I expected. The longer they do nothing the worse this is.
2) if 1 continues, they will have liquidity issue which is also expected
3) no one will lend any money, nor is capital raising possible in light of its business model
4) asic of 3 to 4m probably was a possibly now confirmed
5) Two viable options 1) St Andrews 2) Sell the trailing asset. Why arent either options mentioned? In any case the St Andrews acquisition looks quite slim now, or will be with quite a dilution. Nd it looks like the board hasnt considered selling its trailing assets and folding the business - why is that?

Expand

Who is going to buy a book that is subject to high policy cancelations and customer remediation

FIG Price at posting: 3.2¢ Sentiment: Sell Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

RGS

Riversgold notes strong intercepts at Northern Zone in AC campaign

There are more pages in this discussion • 29 more messages in this thread...

First 12 Last

Add FIG (ASX) to my watchlist